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An announcement from Amerant Bancorp ( (AMTB) ) is now available.
Amerant Bancorp Inc. has commenced an underwritten public offering of its Class A voting common stock, with Stephens Inc. and Piper Sandler & Co. as the joint book-running managers. The company plans to sell 7.9 million shares at $19 each, expecting net proceeds of approximately $141.6 million, or $155.7 million if an additional option to purchase more shares is exercised. These funds are earmarked for general corporate purposes, to support organic growth, and optimize the company’s balance sheet. The offering, subject to customary closing conditions, is anticipated to close around September 27, 2024.
See more insights into AMTB stock on TipRanks’ Stock Analysis page.