05:45 AM EDT, 05/14/2024 (MT Newswires) -- Merchants Bancorp ( MBIN ) said late Monday it has priced an underwritten public offering of 2.4 million common shares at $43 per share for expected proceeds of about $98 million.

The company also granted the underwriters a 30-day option to buy up to an additional 360,000 shares.

The company said it plans to use the net proceeds for general corporate purposes and expects to close the offering on or about Thursday.

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