Armada Hoffler Properties (AHH) Commences 3.5M Share Offering
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Armada Hoffler Properties (AHH) Prices 3.5M Share Offering at 14.74/sh
January 7, 2022 7:37 AM ESTArmada Hoffler Properties, Inc. (NYSE: AHH) today announced that it has priced an underwritten public offering of 3,500,000 shares of its common stock for total gross proceeds (before underwriters discounts and commissions and offering expenses) of approximately $51.6 million.
The offering is expected to close on January 11, 2022, subject to customary closing conditions. The Company has granted the underwriter a 30-day option to purchase up to an additional 525,000 shares.
The Company intends to use the net proceeds from the offering, together with approximately $28.6 million of net proceeds from recent sales under... More
