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Stock impact report

Amerant Bancorp Inc. Announces Pricing 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 the pricing of its public offering of 7,900,000 shares of its Class A voting common stock (the “common stock”), at a price to the public of $19.00 per share, for an aggregate offering amount of $150 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 784,210 shares of common stock at the public offering price, less underwriting discounts.Stephens Inc. and Piper Sandler & Co. are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. are acting as co-managers.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 Show less Read more
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