QNB Corp. Announces Exercise of Overallotment Option of 160,714 Shares of Common Stock
QNB Corp. announced that underwriters have fully exercised their overallotment option, purchasing an additional 160,714 shares of common stock at the public offering price of $42.00 per share. This exercise generates approximately $6.3 million in gross proceeds, bringing the total size of the public offering to about $48.3 million and the total shares sold to 1,232,142.
Key figures
- Deal Value Usd
- 6300000
- Offering Price
- 42
- Shares Offered
- 160714
- Total shares sold
- 1232142
- Total proceeds combined
- 48.3 million
AI analysis
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