VBTX - Veritex Holdings prices ~$150M of stock offering

Veritex Holdings (NASDAQ:VBTX), the parent holding company of Veritex Community Bank, announced the pricing of an underwritten public offering of 3,947,369 shares of its common stock at a price of $38.00/share, for gross proceeds of ~$150M. Underwriters over-allotment is additional 592,105 shares of company common stock. The net proceeds to the company are expected to be ~$141.8M, which will be used for general corporate purposes and to support its continued growth, including investments in Veritex Community Bank and future strategic acquisitions. Offering expected to close on or about March 8, 2022. Earlier, Veritex to acquire tech-enabled deposit gathering platform interLINK for $91M.

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Veritex Holdings prices ~$150M of stock offering