Doma, a company shaping the future of real estate transactions, has completed a business combination with Capitol Investment Corp. V

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SAN FRANCISCO–() – Doma Holdings, Inc. (formerly States Title Holding, Inc.) (“Doma”), a leading force in revolutionizing the real estate industry, and Capitol Investment Corp. V (NYSE: CAP) (“Capitol”), a publicly traded special purpose acquisition company, today completed its previously announced business combination. Doma uses machine intelligence and its proprietary technology solutions to create an easier, more efficient and affordable real estate transaction closure process for current and prospective homeowners, lenders, title agents and real estate professionals. The common stock and warrants of the combined company are expected to begin trading on the New York Stock Exchange on July 29, 2021 under the symbols DOMA and DOMA.WS, respectively.

The proceeds from the deal will be used by Doma to drive growth both through market expansion and new product development to expand the strategic value that customers receive from Doma’s machine intelligence platform. Capitol shareholders approved the deal at a special meeting instead of the 2021 AGM on July 27, 2021. CEO Max Simkoff and the rest of the Doma management team will continue to lead the combined company.

“For us, this deal means accelerating our ability to penetrate and revolutionize primarily the aging $ 23 billion title, escrow and closure market, and ultimately the broader $ 318 billion home ownership market,” Simkoff said. … “Our vision is to ultimately make many of the most important home purchases instant and digital. Today’s milestone is a testament to the impressive growth of the House to date and the strength of our business. We are looking forward to this next phase as a public company. ”

Citigroup Global Markets Inc. acted as financial advisor and Davis Polk & Wardwell LLP acted as legal advisor to Doma. JP Morgan Securities LLC acted as financial advisor and Latham & Watkins LLP acted as legal advisor to Capitol. Deutsche Bank Securities Inc. also served as capital markets advisor to Capitol. Citigroup Global Markets Inc. and JP Morgan Securities LLC acted as placement agents for PIPE, while JMP Securities LLC, Oppenheimer & Co. Inc. and DA Davidson & Co. acted as co-location agents.

About the House

Doma (formerly State Title Holding, Inc.) is building the future of real estate transactions. The company uses machine intelligence and its patented technology solutions to transform residential real estate, making home closings instant and affordable. Doma and its family of brands – States Title, North American Title Company (NATC) and North American Title Insurance Company (NATIC) – offer solutions for current and prospective homeowners, lenders, title agents and real estate professionals that greatly simplify the closing process. and effective, reducing costs and increasing customer satisfaction. The House’s clients include some of the largest bank and non-bank lenders in the United States. Visit doma.com to find out more.

Forward-looking statements legend

This press release includes “forward-looking statements” within the meaning of “safe harbor” of the 1995 US Private Securities Litigation Reform Act. Forward-looking statements can be identified using words such as “estimate”, “plan”, “project”, “forecast”, “intend”, “will”, “expect”, “anticipate”, “believe”, “seek” , “Purpose” or other similar expressions that predict or indicate future events or trends, or that are not statements of historical interest. The absence of these words does not mean that the statement is not forward-looking. Such statements are based on beliefs as well as assumptions made on the basis of information currently available to Doma management.

These forward-looking statements include, but are not limited to, statements regarding estimates and projections of financial and performance indicators, forecasts of market opportunities, total available market (“TAM”), market share and competition, and the potential benefits of the transactions described herein. … … These statements are based on various assumptions, whether contained in this press release or not, as well as the current expectations of the House’s management and are not forecasts of actual performance. These forward-looking statements are presented for illustrative purposes only and are not intended to be used as a guarantee, assurance, forecast or final statement of fact or likelihood, and should not be relied on by any investor. Actual events and circumstances are difficult or impossible to predict, they will differ from the assumptions and are beyond the control of Doma.

These forward-looking statements are subject to a number of risks and uncertainties, including changes in business, market, financial, political and legal conditions; failure to realize the expected benefits of a business combination; risks associated with the uncertainty of the projected financial information regarding the House; future global, regional or local economic, political, market and social conditions, including due to the COVID-19 pandemic; developing, operating and enforcing laws and regulations, including in relation to the title insurance industry; Doma’s ability to manage its future growth or develop or purchase enhancements for its platform; the impact of competition on the future business of the House; the results of any potential litigation, government and regulatory litigation, investigation and investigation; and other factors described in the Risk Factors section of documents filed by Doma with the SEC from time to time.

Should any of these risks materialize or House’s assumptions prove to be incorrect, actual results could differ materially from those implied in these forward-looking statements. There may be additional risks that Doma is not aware of at this time or which Doma does not currently consider to be material, which could also cause actual results to differ from those contained in the forward-looking statements. In addition, Doma’s forward-looking statements reflect Doma’s expectations, plans or projections regarding future events and views as of the date of this press release. House expects that subsequent events and developments will cause a change in House’s assessments. However, while Doma may decide to update these forward-looking statements at some point in the future, Doma expressly disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied on as a judgment of Doma on any date following the date of this press release. Accordingly, you should not place undue reliance on forward-looking statements.

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