secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001193125-24-249855
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mid Penn Bancorp prices $70M common stock offering at $29.50/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000119312524249855/0001193125-24-249855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000119312524249855/d880056d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-249855

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