Fulton Financial (FULT) Prices $250 Million Offering of Common Stock

Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced the pricing of its public offering of 16,666,667 shares of its common stock (the “common stock”), at a price to the public of $15 per share, for an aggregate offering amount of $250 million. In addition, the Corporation has granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock at the public offering price, less underwriting discounts.

Piper Sandler and BofA Securities acted as joint book-running managers for the offering.

The Corporation expects that the net proceeds of the offering will be approximately $238 million, assuming no exercise of the Underwriters’ option to purchase additional shares, after deducting underwriting discounts and before deducting transaction expenses payable by the Corporation. 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 assumption of substantially all of the deposits and certain liabilities of Republic First Bank, doing business as Republic Bank, from the Federal Deposit Insurance Corporation. The Corporation expects to close the offering, subject to customary conditions, on or about May 1, 2024.

You May Also Be Interested In

• Qualcomm files to resell 17.8M shares tied to Modular acquisition
• Data I/o Corp (DAIO) files for 4.7M share offering by selling stockholders
• Coincheck Group N.V. (CNCK) files for 56.5M share offering by selling stockholders