other material
confidence high
sentiment neutral
materiality 0.65
Associated Banc-Corp raises $330.7 million in common stock offering at $25 per share
ASSOCIATED BANC-CORP
- Underwritten public offering of 13.8 million shares completed on November 18, 2024, with BofA Securities and J.P. Morgan as underwriters.
- Underwriters exercised in full an option to purchase an additional 1.8 million shares of common stock.
- Shares sold at a public offering price of $25.00 per share; net proceeds approximately $330.7 million.
- Company entered into a definitive underwriting agreement with standard representations, warranties, and indemnification provisions.
- Offering executed under a previously filed shelf registration statement on Form S-3.