other_material
confidence high
sentiment neutral
materiality 0.30
Civista Bancshares closes overallotment, sells additional 494,118 shares for ~$9.9M
CIVISTA BANCSHARES, INC.
- Underwriters exercised overallotment option for 494,118 common shares at $21.25 per share.
- Expected net proceeds to Civista after underwriting discount are approximately $9.9 million.
- Piper Sandler acted as sole book-runner; co-managers included D.A. Davidson, Hovde, Janney, KBW, and Stephens.
- Offering made under effective shelf registration statement on Form S-3 (File No. 333-282560).
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