Civista Bancshares, Inc. announced on July 16, 2025, that the underwriters for its recently completed public offering exercised their overallotment option. This resulted in the sale of an additional 494,118 common shares at the public offering price of $21.25 per share.
The exercise of the overallotment option generated approximately $9.9 million in expected proceeds for Civista, after deducting the underwriting discount but before other expenses. This additional capital further enhances the company's financial resources.
The successful completion of the overallotment option demonstrates robust investor interest in Civista's common shares. These funds will contribute to the company's general corporate purposes, including supporting organic growth opportunities and future strategic transactions.
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