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Central Bancompany, Inc. Debuts on NASDAQ
Financial Modeling Prep· 2025-11-20 23:05
Core Viewpoint - Central Bancompany, Inc. is making its debut on NASDAQ under the symbol "CBC" with a successful IPO raising $373 million amid increased scrutiny on regional banks [1][2] Group 1: IPO Details - The company is offering 17.77 million shares of Class A common stock priced at $21.00 each [1][2] - Trading is expected to begin on November 20, 2025, with the offering anticipated to close on November 21, 2025 [2] - Underwriters have a 30-day option to purchase an additional 2.667 million shares at the offering price [2] Group 2: Market Performance - CBC is currently trading at $22.15, reflecting a 5.48% increase from its IPO price [3] - The stock has experienced a low of $22 and a high of $22.70 today, marking its highest price over the past year [3] - The company has a market capitalization of approximately $4.89 billion, with a trading volume of 3,040,630 shares indicating strong investor interest [3]
Central Bancompany, Inc. Announces Launch of Initial Public Offering
Globenewswire· 2025-11-12 12:20
Core Points - Central Bancompany, Inc. has announced the launch of its initial public offering (IPO) of 17,778,000 shares of Class A common stock, with an expected price range of $21.00 to $24.00 per share [1] - The company plans to grant underwriters a 30-day option to purchase an additional 2,666,700 shares at the public offering price [1] - Central Bancompany has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "CBC" [1] - Morgan Stanley & Co. LLC and Keefe, Bruyette & Woods, Inc. are acting as joint lead book-running managers for the offering [1] Company Overview - Central Bancompany, Inc. is headquartered in Jefferson City, Missouri, and its banking subsidiary, The Central Trust Bank, has been operational since 1902 [4] - As of September 30, 2025, The Central Trust Bank is a $19.2 billion Missouri state-chartered trust company with banking powers and operates more than 156 locations across 79 communities [4] - The bank serves consumers and businesses in Missouri, Kansas, Oklahoma, Colorado, and Florida, with divisions including Central Trust Company and Central Investment Advisors [4]
RAMACO RESOURCES, INC. PRICES $300 MILLION CONVERTIBLE SENIOR NOTES OFFERING
Prnewswire· 2025-11-05 12:04
Core Viewpoint - Ramaco Resources, Inc. has announced a public offering of $300 million in 0% convertible senior notes due 2031, with net proceeds expected to be approximately $290.9 million, aimed at funding various strategic initiatives including a rare earth elements project [1][2]. Offering Details - The notes will settle on November 7, 2025, and underwriters have an option to purchase an additional $45 million to cover over-allotments [1][2]. - Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the book-running managers for the offering, with several firms acting as co-managers [3]. Financial Structure - The notes will be senior, unsecured obligations that do not bear regular interest, and the principal will not accrete [4]. - Noteholders can convert their notes under specific conditions, with an initial conversion rate of 30.5460 shares per $1,000 principal amount, equating to a conversion price of approximately $32.74 per share, representing a 35% premium over the public offering price of $24.25 [5]. Redemption and Repurchase Rights - The notes are redeemable at Ramaco's option starting November 6, 2028, if the stock price exceeds 130% of the conversion price for a specified period [6]. - In the event of a "fundamental change," noteholders may require Ramaco to repurchase their notes for cash at the principal amount plus any accrued interest [7]. Capped Call Transactions - Ramaco has entered into capped call transactions to cover the shares underlying the notes, with an initial cap price of approximately $54.56 per share, a 125% premium over the public offering price [8][10]. - These transactions are designed to reduce potential dilution of Ramaco's Class A common stock upon conversion of the notes [11]. Concurrent Offering - Ramaco is also conducting a concurrent delta offering of 2,245,126 shares of Class A common stock at a price of $24.25 per share, with no new shares being issued and no proceeds going to Ramaco [14]. - The completion of the notes offering is contingent upon the successful completion of the concurrent delta offering [14]. Company Overview - Ramaco Resources, Inc. operates in metallurgical coal and is developing projects in rare earth elements and critical minerals, with operational offices in West Virginia and Wyoming [18].
Why American Resources Stock Surged After Hours? - American Resources (NASDAQ:AREC), JPMorgan Chase (NYSE:JPM)
Benzinga· 2025-10-16 07:33
Company Overview - American Resources Corporation (NASDAQ:AREC) announced a private placement deal, resulting in a 3.18% increase in after-hours trading to $5.17, despite a 26.43% decline to $5.01 during regular trading on the same day [1]. Private Placement Details - The company signed a securities purchase agreement to sell 7,843,138 shares of Class A common stock or pre-funded warrants at a price of $5.10 per share [2]. - The expected gross proceeds from this offering are approximately $40 million, before deducting placement agent fees and other costs, with the offering anticipated to close on October 16, pending usual closing conditions [3]. Regulatory Compliance - The securities are being sold under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, with the company agreeing to file a registration statement with the SEC for resale of the securities [4]. Sector Context - The private placement occurs amid heightened investor interest in rare earth stocks, with notable commentary from CNBC's Jim Cramer describing the sector as "on fire" due to ongoing concerns regarding critical mineral supply chains [5]. - JPMorgan Chase & Co. has also announced a $1.5 trillion initiative focused on critical minerals, further boosting sector momentum [5]. Stock Performance - Over the past year, AREC has experienced a significant gain of 391.18%, reaching a 12-month high of $6.81 [6]. - The stock has traded within a range of $0.38 to $7.11 over the past year and currently has a market capitalization of $423.89 million, with an average daily trading volume of 6.95 million shares [6]. Market Momentum - Benzinga's Edge Stock Rankings indicate that AREC is exhibiting a strong upward price trend, with momentum in the 98th percentile across all time frames [7].
American Resources Corporation Announces Pricing of $40.0 Million Private Placement of Common Stock
Accessnewswire· 2025-10-15 13:15
Core Viewpoint - American Resources Corporation has entered into a securities purchase agreement for the sale of 7,843,138 shares of class A common stock at an offering price of $5.10 per share, aiming to raise approximately $40.0 million in gross proceeds before expenses [1]. Company Summary - The company is a leader in the critical mineral supply chain [1]. - The private placement involves institutional investors and includes the option for pre-funded warrants [1]. - The estimated gross proceeds from the offering are approximately $40.0 million, which will be used for corporate purposes [1].
American Resources Corporation Announces Pricing of $33.7 Million Private Placement of Common Stock
Accessnewswire· 2025-10-13 13:15
Core Viewpoint - American Resources Corporation has entered into a securities purchase agreement for the sale of 9,480,282 shares of class A common stock at an offering price of $3.55 per share, aiming to raise approximately $33.7 million in gross proceeds before expenses [1]. Group 1 - The company is a leader in the critical mineral supply chain [1]. - The offering involves a private placement with several institutional investors [1]. - The estimated gross proceeds from the offering are approximately $33.7 million [1].
Mirion Technologies Announces Pricing of Upsized Public Offering of Class A Common Stock
Businesswire· 2025-09-26 04:01
Core Viewpoint - Mirion Technologies, Inc. announced the pricing of an underwritten public offering of 17,309,846 shares of its Class A common stock at a price of $21.35 per share, increasing the offering size from the previously announced $350 million [1] Group 1 - The public offering consists of 17,309,846 shares of Class A common stock [1] - The offering price is set at $21.35 per share [1] - The size of the offering was increased from the previously announced $350 million [1] Group 2 - Mirion granted underwriters an option to purchase up to an additional 2,596,476 shares [1]
Immuneering Announces Proposed Underwritten Public Offering of Class A Common Stock and Pre-Funded Warrants and Proposed Concurrent Private Placement of Class A Common Stock and Class B Common Stock to Sanofi
Globenewswire· 2025-09-24 20:05
Core Viewpoint - Immuneering Corporation has announced a proposed underwritten public offering of its Class A common stock and a concurrent private placement with Sanofi for $25 million, aimed at advancing its oncology product candidates and general corporate purposes [1][2]. Group 1: Offering Details - The public offering includes shares of Class A common stock and pre-funded warrants, with underwriters granted a 30-day option to purchase an additional 15% of the offered shares [1]. - Sanofi will purchase $25 million worth of Immuneering's Class A common stock or non-voting Class B common stock at the public offering price, in a private placement expected to close concurrently with the public offering [1][2]. - The offering is subject to market conditions and the private placement is contingent upon the closing of the public offering [1]. Group 2: Use of Proceeds - The net proceeds from both the public offering and private placement will be utilized to advance preclinical and clinical development of product candidates, as well as for working capital and other general corporate purposes [2]. Group 3: Regulatory Information - The offering is being conducted under a shelf registration statement filed with the SEC, which was declared effective on August 20, 2025 [3]. - A preliminary prospectus supplement will be filed with the SEC, and copies will be available through the underwriters [3][7]. Group 4: Securities Registration - The shares sold in the private placement will not be registered under the Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an applicable exemption [4].
BitGo Holdings Announces Public Filing of Registration Statement for Initial Public Offering
Businesswire· 2025-09-19 21:21
Group 1 - BitGo Holdings, Inc. has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed underwritten initial public offering of its Class A common stock [1] - The specific timing of the offering, the number of shares to be offered, and the price range for the proposed offering have not yet been determined [1]
Sidus Space Announces Proposed Public Offering
Businesswire· 2025-09-12 22:25
Core Viewpoint - Sidus Space, Inc. intends to offer shares of its Class A common stock and/or pre-funded warrants in a best-efforts public offering [1] Company Overview - Sidus Space, Inc. is described as an innovative and agile space and defense technology company [1] - The company provides flexible and cost-effective solutions to government, defense, intelligence, and commercial sectors globally [1]