
Offering Details - Horizon Bancorp, Inc. announced the pricing of an underwritten public offering of 6,207,000 shares of common stock at a price of $14.50 per share, resulting in gross proceeds of approximately $90 million before deductions [1][2] - The underwriters have a 30-day option to purchase an additional 931,050 shares at the public offering price [2] - The offering is expected to close on or about August 22, 2025, subject to customary conditions [3] Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including potential repositioning of the company's balance sheet [2] Company Overview - Horizon Bancorp, Inc. is a $7.7 billion-asset commercial bank holding company for Horizon Bank, serving customers in the Midwest through digital tools and physical branches [6] - The company offers a range of services including residential and secured consumer lending, personal banking, wealth management, business banking, and treasury management [6]