other material
confidence high
sentiment neutral
materiality 0.50
Mid Penn Bancorp completes sale of 356,250 shares to underwriters on option exercise
MID PENN BANCORP INC
- Underwriters exercised option to purchase 356,250 shares at $29.50 per share.
- Gross proceeds from option shares approximately $10.5 million before underwriting discounts.
- Shares issued on November 5, 2024, completing the over-allotment from the November 1 public offering.
- Original offering included 2,375,000 shares at same price; total common shares now up to 2,731,250.