Maiden Holdings announces shareholder approval of Kestrel deal

Maiden Holdings (MHLD) announced that, at the special general meeting of Maiden shareholders held today, all proposals related to Maiden’s proposed business combination with Kestrel Group LLC were approved by Maiden’s shareholders. As previously announced, on December 29, 2024, Maiden entered into a Combination Agreement with Kestrel, pursuant to which Maiden and Kestrel will become wholly owned subsidiaries of a newly formed Bermuda company, which will be renamed “Kestrel Group Ltd”. Following the closing of the transaction, Bermuda NewCo’s common shares are expected to be listed on the Nasdaq Capital Market under the symbol “KG”. The transaction remains subject to regulatory approvals and other customary closing conditions. Closing is expected to occur during the second quarter of 2025.