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Stock impact report

Amerant Bancorp Inc. Announces Launch of Class A Voting Common Stock Offering

Amerant Bancorp Inc. (AMTB) 
Last amerant bancorp inc. earnings: 4/28 06:30 am Check Earnings Report
Company Research Source: Business Wire
CORAL GABLES, Fla.--(BUSINESS WIRE)--Amerant Bancorp Inc. (NYSE: AMTB) (“Amerant” or the “Company”) today announced that it commenced an underwritten public offering of shares of its Class A voting common stock. The Company expects to grant the underwriters a 30-day option to purchase additional shares of its Class A voting common stock.Stephens Inc. and Piper Sandler & Co. are acting as joint book-running managers for the offering.The Company intends to use the net proceeds of the offering for general corporate purposes and to support its continued organic growth, which may include, among other things, working capital, investments in Amerant Bank, N.A., resolution of non-performing loans, and potential balance sheet optimization strategies.The offering is being made only by means of a prospectus supplement and accompanying base prospectus. The Company has filed a registration statement on Form S-3 (File No. 333-272886), and a preliminary prospectus supplement to the base prospect Show less Read more
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