PennantPark (PNNT) Announces 9M Common Offering

PennantPark Investment Corporation (Nasdaq: PNNT) announced that it plans to make a public offering of 9,000,000 shares of its common stock. The Company also has granted the underwriters an option to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any. The offering price of the shares, subject to the approval of the Company's Board of Directors, will be determined by market conditions at the time of pricing in consultation with the underwriters of the offering. The offering of the shares will be made under the Company's shelf registration statement, which was filed with, and has been declared effective by, the Securities and Exchange Commission.

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