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Veritex Holdings prices common offering


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Veritex Holdings prices common offering

Dallas-based Veritex Holdings Inc. priced a public offering of 1,987,000 shares of its common stock at $26.25 per share, for gross proceeds of around $52.2 million.

Net proceeds, expected to be around $49.6 million, will be used to partially fund the company's pending acquisition of Fort Worth, Texas-based Liberty Bancshares Inc. and for general corporate purposes.

The offering is expected to close on or about Aug. 7.

Underwriters were granted an option to purchase up to an additional 298,050 common shares.

Stephens Inc. was the sole book-running manager for the offering, while Piper Jaffray & Co. served as co-manager.