other material
confidence high
sentiment neutral
materiality 0.75
Mid Penn Bancorp prices $70M common stock offering at $29.50/share
MID PENN BANCORP INC
- 2,375,000 shares offered at $29.50/share; gross proceeds $70 million.
- Net proceeds estimated at ~$67 million after underwriting discounts and expenses.
- Proceeds to support growth, potential subordinated debt redemption, and strategic transactions.
- Underwriters include Stephens Inc. and Piper Sandler; 30-day over-allotment option for 356,250 shares.
- Directors and officers subject to 90-day lock-up on share sales.