Renasant plans to offer about $60 mln in stock

SAN FRANCISCO (MarketWatch) -- Renasant Corp. /zigman2/quotes/200892803/composite RNST +0.42% after Thursday's closing bell said it plans to file a registration statement with the Securities and Exchange Commission for an underwritten public offering of about $60 million of its stock at $5 a share. The provider of financial services said it plans to file with the SEC sometime later in the first quarter and expects to complete the offering before June 30. Renasant plans to use the offering's net proceeds to fund the merger consideration related to its acquisition of Capital Bancorp Inc. and for general working capital purposes.

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Renasant Corp.

US : U.S.: Nasdaq

$ 31.19

+0.13 +0.42%

Volume: 186,184

March 27, 2023 4:00p

P/E Ratio

10.56

Dividend Yield

2.82%

Market Cap

$1.74 billion

Rev. per Employee

$298,431