Business
Byline Bancorp, Inc. Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Byline Bancorp, Inc. (“Byline” or the “Company”) (NYSE: BY) announced...
About this update from Beyond Minerals Inc
[{"type":"text","content":"Byline Bancorp, Inc. Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Byline Bancorp, Inc. (“Byline” or the “Company”) (NYSE: BY) announced today the pricing of the previously announced public offering (the “Secondary Offering”) of a total of 4,282,210 shares of the Company’s common stock (the “Offered Shares”) by the Estate of Daniel L. Goodwin (the “Estate”) and Equity Shares Investors, LLC, an affiliate of the Estate, as selling stockholders of the Company (the “Selling Stockholders”), at a public offering price of $24.75 per share. The Secondary Offering is expected to close on June 12, 2025, subject to customary closing conditions.\n \n\n The Company is not offering or selling any shares of its common stock in the Secondary Offering and will not receive any proceeds from the sale of its shares of common stock in the Secondary Offering.\n \n\n In addition, as previously announced, the Company will purchase from the underwriter $10.0 million of the shares of common stock as part of the Secondary Offering (the “Share Repurchase”), at a price per share equal to the price per share to be paid by the underwriter to the Selling Stockholders. The Company intends to execute the Share Repurchase as part of its existing share repurchase program authorized on January 1, 2025. The Share Repurchase is conditioned upon the completion of the Secondary Offering, as well as the satisfaction of customary closing conditions, and is expected to close concurrently with the completion of the Secondary Offering.\n \n\n J.P. Morgan is serving as the Sole Underwriter for the Secondary Offering.\n \n\n An automatically effective shelf registration statement on Form S-3 relating to the shares of the Company’s common stock subject to the Secondary Offering has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and is available on the SEC’s website at\n \n www.sec.gov\n \n . The Secondary Offering will be made only by means of a prospectus supplement and accompanying prospectus that forms a part of the registration statement, copies of which may be obtained, when available, by re...