(Updates with the stock movement in the headline and first paragraph.)
VersaBank (VBNK) shares fell 8.4% in recent Tuesday trading, a day after the company priced its public offering of 5.66 million common shares at $13.25 apiece for gross proceeds of $75 million.
The bank granted underwriters a 30-day overallotment option to buy up to an additional 15% of shares in the offering.
The offering is expected to close around Wednesday.
Price: 13.58, Change: -1.24, Percent Change: -8.37
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