07:11 AM EDT, 09/27/2024 (MT Newswires) -- MidWestOne Financial Group ( MOFG ) said Thursday it priced an underwritten public offering of about 4.3 million shares of its common stock at $25 apiece.

The company expects roughly $103.5 million in proceeds and anticipates investing the net proceeds into its MidWestOne Bank unit to support its capital ratios, the firm added.

MidWestOne said it has provided a 30-day option to the underwriter to buy up to an additional 652,050 shares of its common stock.