VERSABANK ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN PUBLIC OFFERING [Globe and Mail, The (Toronto, Canada)]
VersaBank (VBNK)
Company Research
Source: Globe and Mail, The
public offering of common shares (the "Offering") have fully exercised their option to purchase an additional 849,056 common shares at a price of US$13.25 (approximately CAD$19.07 ) per share, resulting in additional gross proceeds of US$11,249,992 (approximately CAD$16,194,363 ). The sale of the additional shares closed today. After giving effect to the full exercise of the over-allotment option, the total number of common shares sold by the Bank in the Offering increased to 6,509,434 and gross proceeds increased to US$86,250,001 (approximately CAD$124,156,876 The Bank expects that the net proceeds from the Offering will be used for general banking purposes and will qualify as Common Equity Tier 1 capital for the Bank. Raymond James & Associates, Inc. acted as the sole bookrunning manager, and Keefe, Bruyette & Woods, A Stifel Company , and Roth Canada, Inc. acted as co-managers for the Offering. No securities regulatory authority has either approved or disapproved the contents
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VBNK
News
- 3 TSX Growth Companies With Insider Ownership And 29% Revenue Growth [Yahoo! Finance]Yahoo! Finance
- VERSABANK ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN PUBLIC OFFERINGPR Newswire
- VERSABANK COMPLETES SUCCESSFUL OFFERING OF COMMON SHARESPR Newswire
- VERSABANK PRICES OFFERING OF COMMON SHARES [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- VERSABANK PRICES OFFERING OF COMMON SHARES [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
VBNK
Earnings
- 12/9/24 - Miss
VBNK
Sec Filings
- 12/26/24 - Form 6-K
- 12/18/24 - Form 6-K
- 12/17/24 - Form SUPPL
- VBNK's page on the SEC website