Midwestone Financial Group ( (MOFG) ) just unveiled an announcement.
MidWestOne Financial Group, Inc. announced the pricing of its underwritten public offering of 4.35 million shares at $25.00 each, with potential proceeds of approximately $103.5 million. The company plans to invest the net proceeds into its subsidiary bank to bolster its capital ratios. Additionally, there’s an option for the underwriter to purchase up to an extra 652,050 shares. The offering is managed by Keefe, Bruyette & Woods, Inc., and is part of a larger securities strategy detailed in the company’s regulatory filings.
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