Civista Bancshares Prices Public Offering at $21.25/shr

Civista Bancshares Inc. has priced an underwritten public offering of 3.29 million common shares at $21.25 per share, totaling $70.0 million. They have granted underwriters a 30-day option to purchase up to an additional 494,118 common shares. The aggregate gross proceeds of the offering will be approximately $70.0 million before discounts, with potential to reach $80.5 million if the underwriters exercise their option. The net proceeds will be used for general corporate purposes and future strategic transactions, with the offering expected to close on July 14, 2025.

Read more at Nasdaq: Civista Bancshares Prices Public Offering Of 3.29 Mln Common Shares At $21.25/shr