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  1. Nodak Completes Mutual to Stock Insurance Company ConversionRead the original story w/Photo

    Mar 15, 2017 | Insurance Journal West

    Nodak Mutual Insurance Co., based in Fargo, N.D., has completed its conversion from a mutual to stock insurance company and the formation of a mutual holding company Nodak Mutual Group Inc. and an intermediate stock holding company NI Holdings Inc. NI Holdings common stock is expected to commence trading March 16, 2017, on the Nasdaq Capital Market as NASDAQ:NODK. Along with the completion of the mutual to stock conversion, NI Holdings completed a sale of 10,350,000 shares of its common stock at $10 per share in a stock offering to policyholders, an employee stock ownership plan, directors, officers and employees of the company and the general public.

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