Published on 7/27/2010 in the Prospect News PIPE Daily.
New Issue: Renasant sells $54.95 million of common shares via private placement
By Devika Patel
Knoxville, Tenn., July 27 - Renasant Corp. settled a $54.95 million private placement of stock on July 23, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 3,925,000 common shares at $14.00 apiece.
Renasant, based in Tupelo, Miss., is the parent of Renasant Bank and Renasant Insurance.
| Issuer: | Renasant Corp.
|
| Issue: | Common stock
|
| Amount: | $54.95 million
|
| Shares: | 3,925,000
|
| Price: | $14.00
|
| Warrants: | No
|
| Settlement date: | July 23
|
| Stock symbol: | Nasdaq: RNST
|
| Stock price: | $14.23 at close July 23
|
| Market capitalization: | $323.04 million
|
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