Fulton Financial (FULT) Prices $250 Million Offering of Common Stock

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Go back to Fulton Financial (FULT) Prices $250 Million Offering of Common Stock

Fulton Financial Announces Pricing of $250 Million Offering of Common Stock

April 29, 2024 8:56 AM EDT

LANCASTER, Pa.--(BUSINESS WIRE)-- Fulton Financial Corporation (NASDAQ: FULT) (the Corporation) today announced the pricing of its public offering of 16,666,667 shares of its common stock (the common stock), at a price to the public of $15 per share, for an aggregate offering amount of $250 million. In addition, the Corporation has granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock at the public offering price, less underwriting discounts.

Piper Sandler and BofA Securities acted as joint book-running managers for the offering.

The Corporation expects... More