other material
confidence high
sentiment neutral
materiality 0.75
Norwood Financial Corp prices 1M-share public offering at $26.00 for ~$26M gross
NORWOOD FINANCIAL CORP
- Offering of 1,000,000 shares at $26.00 per share; net proceeds ~$24.4M after discounts and expenses.
- Over-allotment option of 150,000 shares (30-day) could bring total gross to ~$30M.
- Proceeds to support bank capital ratios for repositioning of AFS debt securities portfolio and general corporate purposes.
- Closing expected December 19, 2024; Piper Sandler and Janney Montgomery Scott are underwriters.
- Directors and officers subject to 90-day lock-up on sales of common stock.