VersaBank (VBNK) Announces Exercise of Over-allotment Option in Public Offering

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Go back to VersaBank (VBNK) Announces Exercise of Over-allotment Option in Public Offering

VERSABANK ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN PUBLIC OFFERING

December 24, 2024 12:06 PM EST

LONDON, ON, Dec. 24, 2024 /PRNewswire/ - VersaBank (Nasdaq: VBNK) (TSX: VBNK) (the "Bank") today announced that the underwriters of its previously announced public offering of common shares (the "Offering") have fully exercised their option to purchase an additional 849,056 common shares at a price of US$13.25 (approximately CAD$19.07) per share, resulting in additional gross proceeds of US$11,249,992 (approximately CAD$16,194,363). The sale of the additional shares closed today. After giving effect to the full exercise of... More