FX.co ★ Atlantic Union Prices Public Offering Of $350 Mln Of Shares

Atlantic Union Bankshares Corp. (AUB), a financial holding entity, announced on Monday the successful pricing of an underwritten public offering. The company is issuing 9.859 million shares at a price of $35.50 per share, culminating in a total offering amount of $350 million.

The net proceeds from this offering, set to conclude on October 22, are anticipated to be approximately $336 million. Additionally, the underwriters have been given the option to acquire up to an extra 1.478 million shares.