secwatch.observer — SEC 8-K summary
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Issuer:     VALLEY NATIONAL BANCORP (VLY)
CIK:        0000714310
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001193125-24-255215
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valley National Bancorp raises ~$449M in common stock offering at $9.35/share
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- Sold 49,197,860 shares (including full exercise of underwriters' option) at $9.35 per share.
- Net proceeds expected ~$448.9M after underwriting discounts and estimated expenses.
- Proceeds for general corporate purposes and investments in Valley National Bank as regulatory capital.
- Offering priced Nov 7, 2024, closed Nov 12, 2024; J.P. Morgan sole book-running manager.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714310/000119312524255215/0001193125-24-255215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714310/000119312524255215/d860741d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-255215

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