secwatch.observer — SEC 8-K summary
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Issuer:     FINANCIAL INSTITUTIONS INC (FISI)
CIK:        0000862831
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001193125-24-276369
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Financial Institutions, Inc. prices $95M common stock offering at $25/share, plans balance sheet repositioning
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- Public offering of 4M shares at $25/share; expected net proceeds ~$94.3M.
- Underwriters granted 30-day option to purchase up to an additional 600,000 shares.
- Proceeds to fund balance sheet restructuring via AFS portfolio repositioning and debt repayment.
- KBW sole bookrunner, Piper Sandler co-manager; closing expected on or about Dec 13, 2024.
- Shelf registration effective Dec 4, 2024; prospectus supplement filed Dec 11, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862831/000119312524276369/0001193125-24-276369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862831/000119312524276369/d905176d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-276369

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