secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001193125-24-250721
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mid Penn Bancorp closes $70M public offering of common stock; underwriters exercise option for 356K additional shares.
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- Closed offering of 2.375M shares at $29.50/share; gross proceeds $70M, net ~$67M.
- Underwriters exercised option for 356,250 addl shares at $28.025/share; closes Nov 5.
- Net proceeds used for organic growth, potential subdebt redemption, future M&A, and general corporate.
- Stephens Inc. lead book-runner; Piper Sandler joint book-runner for the offering.
- Dilution of ~11% from up to 2.731M new shares; existing shareholders diluted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000119312524250721/0001193125-24-250721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000119312524250721/d128854d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-250721

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer