other material
confidence high
sentiment neutral
materiality 0.50
Metropolitan Bank closes overallotment; issues 213,395 shares for $17.2M net
Metropolitan Bank Holding Corp.
- Underwriters exercised option to purchase 213,395 shares of common stock at $85.00 per share.
- Net proceeds to the company of approximately $17.2 million after underwriting discounts.
- UBS Investment Bank and Hovde Group acted as joint book-running managers for the offering.
- Option exercised on March 12, 2026; shares issued and sold on March 16, 2026.
- Offering made under effective shelf registration statement on Form S-3 (File No. 333-283534).