VERSABANK PRICES OFFERING OF COMMON SHARES
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VersaBank has announced the pricing of its public offering of 5,660,378 common shares at US$13.25 per share, expecting gross proceeds of approximately US$75 million.
December 17, 2024 | 4:30 am
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VersaBank has priced its public offering of 5,660,378 common shares at US$13.25 per share, with expected gross proceeds of US$75 million.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution of existing shares. The offering price of $13.25 per share sets a benchmark for the market, which may adjust the current trading price towards this level.
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