India, July 10 -- Civista Bancshares Inc. (CIVB) announced that it has priced an underwritten public offering of 3.29 million common shares at a price of $21.25 per share, for an aggregate offering amount of $70.0 million.
Civista also granted the underwriters a 30-day option to purchase up to an additional 494,118 common shares.
The aggregate gross proceeds of the offering will be approximately $70.0 million before discounts and expenses. Assuming full exercise by the underwriters of their option to purchase additional common shares, the aggregate gross proceeds of the offering would be approximately $80.5 million before discounts and expenses.
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