Commercial Bancgroup, Inc. Announces Closing of Over $172 Million Initial Public Offering

Core Viewpoint - Commercial Bancgroup, Inc. has successfully closed its initial public offering (IPO) of common stock, indicating a significant milestone for the company and its growth strategy [1] Group 1: IPO Details - The IPO consisted of 7,173,092 shares of common stock, with 1,458,334 shares sold by Commercial and 5,714,758 shares sold by certain selling shareholders [1] - The public offering price was set at $24.00 per share, reflecting the company's valuation and market interest [1] - After deducting underwriting discounts, commissions, and estimated offering expenses, Commercial received net proceeds of approximately $30.6 million from the IPO [1]