Renasant Corporation Prices 6,250,000 Share Offering At $32/Share For Aggregate Amount Of $200M
Portfolio Pulse from Benzinga Newsdesk
Renasant Corporation has priced a 6,250,000 share offering at $32 per share, raising an aggregate amount of $200 million.
July 29, 2024 | 8:59 pm
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Renasant Corporation has announced a share offering of 6,250,000 shares at $32 per share, raising $200 million in total. This move could lead to short-term dilution of existing shares but provides the company with significant capital.
The share offering will likely lead to short-term dilution of existing shares, which could put downward pressure on the stock price. However, the raised capital strengthens the company's financial position.
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