- Norwood Financial (NASDAQ:NWFL) has launched an underwritten public offering of shares of its common stock.
- The company intends to grant the underwriters a 30-day option to purchase additional shares of its common stock.
- Norwood plans to use the proceeds from the offering to invest in its bank subsidiary to strengthen capital ratios, reposition its debt securities portfolio, repurchase stock, and support acquisitions of other institutions or branches.
- NWFL shares were down nearly 2% in after hours trading on Tuesday.
- Source: Press Release
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