Item 4 — Purpose of Transaction
Item 4 of this Schedule 13D is hereby supplemented to include the following information: On March 13, 2025, Mutual Capital Merger Sub, Inc., a Pennsylvania corporation ("Merger Sub"), a wholly owned subsidiary of MCG, merged with and into the Company with the Company continuing as the surviving corporation (the "Surviving Corporation") and a wholly owned subsidiary of MCG (the "Merger"). Each outstanding share of Common Stock was converted into the right to receive $23.50 in cash. On March 12, 2025, the Surviving Corporation notified The Nasdaq Stock Market LLC ("Nasdaq") of the anticipated closing of the Merger on March 13, 2025, and requested that Nasdaq delist the Common Stock after the close of trading on March 12, 2025. As a result, trading of the Common Stock on Nasdaq was suspended after the close of trading on March 12, 2025. On March 12, 2025, the Surviving Corporation also requested that Nasdaq file a notification of removal from listing and registration on Form 25 with the SEC to effect the delisting of the Common Stock from Nasdaq and the deregistration of the Common Stock pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Following the effectiveness of the Form 25, the Surviving Corporation intends to file with the SEC a certification and notice of termination on Form 15 to terminate the registration of the Common Stock under Section 12(g) of the Exchange Act and suspend ICC Holdings, Inc.'s reporting obligations under Section 13 and Section 15(d) of the Exchange Act with respect to the Common Stock. As a result, the Common Stock will no longer be listed on Nasdaq.