Atlantic Union Bankshares (AUB) said Monday that it priced an offering of approximately 9.9 million shares at $35.50 per share for a total amount of $350 million and net proceeds of $336 million.
The bank holding company said the underwriters were granted the option to buy up to approximately 1.5 million additional shares, and that the offering is expected to close Tuesday.
Shares of Atlantic Union Bankshares were down 1.3% in recent premarket activity.
Price: 38.30, Change: -0.51, Percent Change: -1.31
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.