Old National Bancorp has successfully completed a registered public offering and sale of 21,904,762 shares of its common stock. The transaction, which involved an initial offering of 19,047,619 shares and an additional 2,857,143 shares purchased through an option exercised by the underwriters, was settled on May 23, 2025. The company entered into underwriting and forward sale agreements with Citigroup Global Markets Inc. as the representative for the underwriters and the forward purchaser. Old National Bancorp received approximately $443.2 million in net proceeds from the sale and settlement of these shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Old National Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000707179-25-000011), on May 28, 2025, and is solely responsible for the information contained therein.