Merchants Bancorp announces a $98M public share offering at $43/share, with option for underwriters to purchase additional 360K shares.
Merchants Bancorp (MBIN) announced the pricing of an underwritten public offering of 2.40 million shares of its common stock at $43.00 per share. The company expects proceeds to be around $98.04 million, with the net proceeds to be used for general corporate purposes, including supporting balance sheet growth of the Bank. The underwriters have a 30-day option to purchase up to 360,000 additional shares.
May 13, 2024
5 Articles