Green Brick Partners (GRBK) Prices 2M ADS Offering at $25/ADS
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Green Brick Partners, Inc. Prices $50.0 Million Offering of Depositary Shares
December 16, 2021 6:22 PM ESTPLANO, Texas, Dec. 16, 2021 (GLOBE NEWSWIRE) -- (NYSE: GRBK) Green Brick Partners, Inc., (the Company), today announced the pricing of its underwritten registered public offering of 2,000,000 depositary shares at an initial public offering price of $25.00 per depositary share, raising gross proceeds of $50.0 million before deducting underwriting discounts and other estimated offering expenses. The offering is expected to close on or about December 23, 2021, subject to customary closing conditions.
Each depositary share represents a 1/1000th fractional interest in a share of the Companys 5.75% Series A Cumulative Perpetual Preferred Stock (the Series A Preferred... More
