LINKBANCORP (LNKB) Prices 4.58M Share IPO at $7.50/sh

LINKBANCORP, Inc. (NASDAQ: LNKB), the holding company of The Gratz Bank, including its LINKBANK division (the "Bank") today announced the pricing of its initial public offering of 4,575,000 shares of its common stock at a public offering price of $7.50 per share. The offering is expected to result in gross proceeds to the Company of approximately $34.3 million. The net proceeds to the Company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $31.1 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to 686,250 additional shares of common stock from the Company at the initial public offering price, less the underwriting discount, to cover any over-allotments. The shares are expected to begin trading on September 14, 2022 on the NASDAQ Capital Market under the symbol "LNKB."

Stephens Inc. and Piper Sandler & Co. are serving as joint book-running managers. D.A. Davidson & Co. is serving as co-manager.

The offering will be made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from Stephens Inc., 111 Center Street, Little Rock, AR 72201, or by phone at 1-800-643-9691 or Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, or by phone at 612-303-8432, or by email at [email protected] or from D.A. Davidson & Co., 8 Third Street North, Great Falls, MT 59401, Attention: Equity Syndicate or by calling 1-800-332-5915.

The Securities and Exchange Commission (the "SEC") declared the Registration Statement on Form S-1 (File No: 333-267303) relating to the common stock effective on September 13, 2022. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of the common stock, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The common stock to be offered in the initial public offering will not be insured by the Federal Deposit Insurance Corporation or any other governmental agency.

You May Also Be Interested In

• OceanLight Acquisition prices $100M IPO on Nasdaq
• YXT.com raises $1.05M in registered direct offering via Univest
• Castor Maritime forms joint venture, transfers bulk carrier vessel