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Horizon Bancorp, Inc. Announces Pricing of Common Stock Offering
Globenewswire· 2025-08-21 10:30
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]
Horizon Bancorp, Inc. Announces Launch of Common Stock Offering
GlobeNewswire News Room· 2025-08-20 20:01
Core Viewpoint - Horizon Bancorp, Inc. has initiated an underwritten public offering of its common stock, with plans to grant underwriters a 30-day option to purchase an additional 15% of the shares sold in the offering [1][2]. Group 1: Offering Details - The net proceeds from the offering will be utilized for general corporate purposes, including potential repositioning of the company's balance sheet [2]. - The offering is conducted under a shelf registration statement on Form S-3, which has been filed and declared effective by the SEC [3]. Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion, serving customers in the Midwest through digital tools and physical branches in Indiana and Michigan [5]. - The bank's offerings include residential and secured consumer lending, personal banking, wealth management, business banking, treasury management services, and equipment financing, with commercial lending making up over half of total loans [5].
Unitil Announces Common Stock Offering
Globenewswire· 2025-08-14 20:05
Group 1 - Unitil Corporation announced a registered offering of $65 million of shares of its common stock, with an option for underwriters to purchase an additional $9.75 million [1][2] - The net proceeds from the offering will be used for equity capital contributions to regulated utility subsidiaries, repayment of indebtedness, and general corporate purposes [2] - Wells Fargo Securities, LLC and Scotia Capital (USA) Inc. are acting as active bookrunners for the offering, with Janney Montgomery Scott LLC as the bookrunner [3] Group 2 - The offering will be made by means of a prospectus supplement under the Company's effective registration statement filed with the SEC [4] - Unitil Corporation provides energy services in New England, serving approximately 109,400 electric customers and 97,600 natural gas customers [6]
Atico Mining Announces Closing of the Fully Subscribed $3.2M LIFE Offering, Raising $6.5M Combined with the Rights Offering
Globenewswire· 2025-07-28 20:29
Core Viewpoint - Atico Mining Corporation successfully closed its LIFE Offering and Rights Offering, raising a total of approximately $6.49 million to strengthen its financial position and advance strategic goals at its El Roble mine and La Plata project [1][2]. Group 1: Offerings Details - The LIFE Offering involved the sale of 29,090,910 units at a subscription price of $0.11 per unit, generating gross proceeds of $3.2 million [1]. - The aggregate gross proceeds from both the LIFE Offering and the Rights Offering amounted to $6,487,572.42 [1]. - Each LIFE Unit consisted of one common share and one transferable warrant, with the warrant exercisable at $0.18 for two years [2]. Group 2: Use of Proceeds - The net proceeds from the Offerings will be allocated to the development of the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [5]. Group 3: Related Party Transactions - Certain officers of the Company acquired a total of 590,001 LIFE Units, classifying the LIFE Offering as a related party transaction [6]. - The LIFE Offering is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 due to specific conditions met [6]. Group 4: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata project [9].
X @CoinMarketCap
CoinMarketCap· 2025-07-25 13:00
🚨 CMC News: $BTC Rally Drives Strategy's Preferred Stock Offering to $2 Billion.🔗 https://t.co/wPyAi7CRqt https://t.co/7qS46tsg0e ...
X @Decrypt
Decrypt· 2025-07-21 21:55
Strategy Reveals Another Stock Offering to Boost $71 Billion Bitcoin Stash► https://t.co/9W3qO4eIA2 https://t.co/9W3qO4eIA2 ...
Eos Energy Enterprises, Inc. Announces Proposed Offering of Common Stock
Globenewswire· 2025-05-29 10:55
Core Viewpoint - Eos Energy Enterprises, Inc. has initiated a $75 million common stock offering to raise funds for various corporate purposes, including debt repayment and general corporate needs [1][2]. Group 1: Offering Details - The common stock offering is for $75 million, with an option for underwriters to purchase an additional $11.25 million [1]. - Eos plans to use the net proceeds to repurchase outstanding convertible senior notes, prepay a portion of its credit agreement, and for general corporate purposes [2]. - The offering is subject to market conditions and there is no assurance regarding its completion or terms [1][2]. Group 2: Convertible Senior Notes - Eos intends to offer $175 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $26.25 million [3]. - The completion of the common stock offering is not contingent on the notes offering, and vice versa [3]. Group 3: Financial Implications - Prepaying $50 million of the credit agreement will reduce the PIK interest rate from 15% to 7% and waive financial covenants until 2027 [2]. - The company is conducting the offering under an effective shelf registration statement [5]. Group 4: Company Overview - Eos Energy Enterprises focuses on energy storage solutions, particularly its Znyth™ aqueous zinc battery, which aims to provide a sustainable alternative to lithium-ion technology [7]. - The company was founded in 2008 and is headquartered in Edison, New Jersey [7].