Armada Hoffler Properties (AHH) Prices Upsized 9M Share Offering
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Armada Hoffler Announces Upsizing and Pricing of Public Offering of Common Stock
September 25, 2024 11:20 PM EDTVIRGINIA BEACH, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) today announced that it has priced an underwritten public offering of 9,000,000 shares of its common stock for total gross proceeds (before underwriters discounts and commissions and offering expenses) of approximately $94.5 million.
The offering is expected to close on September 27, 2024, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares at the public offering price, less the underwriting commissions.
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