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HARRISBURG, Pa., Sept. 13, 2022 /PRNewswire/ — LINKBANCORP, Inc. (the “Company”), 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. DA Davidson & Co. is serving as co-manager.
The offering will…
Full story available on Benzinga.com
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