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Stock impact report

Fulton Financial Announces Closing of $287.5 Million Offering of Common Stock

Fulton Financial Corporation (FULT) 
Last fulton financial corporation earnings: 4/21 04:48 pm Check Earnings Report
Company Research Source: Business Wire
LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced the closing of its public offering of 19,166,667 shares of its common stock (the “common stock”), at a price to the public of $15 per share, which included 2,500,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The total gross proceeds from the offering were $287.5 million.Piper Sandler and BofA Securities acted as joint book-running managers for the offering.The Corporation received net proceeds from the offering of approximately $273.5 million, after deducting underwriting discounts and before deducting transaction expenses. The Corporation intends to use the net proceeds of the offering for general corporate purposes, including to support new opportunities in connection with its business strategy following its previously announced acquisition of substantially all of the assets and its assum Show less Read more
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