Maiden Holdings’ shareholders have approved all proposals related to the company’s proposed business combination with Kestrel Group LLC.
Previously announced in December 2024, Maiden entered into a Combination Agreement with Kestrel to form a new, publicly listed specialty program group.
Under the agreement, Maiden and Kestrel will become wholly owned subsidiaries of a newly formed Bermuda company (Bermuda NewCo), which will be renamed “Kestrel Group Ltd”.
Upon the transaction’s completion, it is anticipated that Bermuda NewCo’s common stock will be traded on the Nasdaq Capital Market under the ticker symbol “KG”.
The transaction is expected to close during the second quarter of 2025, subject to regulatory approvals and other customary closing conditions.
Patrick J. Haveron, Maiden’s Chief Executive Officer, commented: “Today’s voting results represent an important step forward towards our combination with Kestrel.
“The overwhelming shareholder support received for our proposals is gratifying as it advances us one step closer to significantly shifting the strategic vision and trajectory of our Company.”
