Dime Community Bancshares prices 3,906,250-share offering at $32.00 per share
Dime Community Bancshares agreed to sell 3,906,250 shares of common stock at $32.00 per share, for gross proceeds of $125 million. The company expects net proceeds of about $117.9 million, or about $135.7 million if underwriters exercise their option in full, and plans to use them for general corporate purposes, including investments in Dime Community Bank. Issuing these shares increases the number of shares outstanding, and the offering is expected to close on or about November 13, 2024.
Key points
- 3,906,250 shares sold at $32.00 per share, for gross proceeds of $125 million
- Expected net proceeds of approximately $117.9 million; approximately $135.7 million if the underwriters' option is fully exercised
- Underwriters hold a 30-day option to buy up to 585,937 additional shares
- Offering expected to close on or about November 13, 2024; Raymond James & Associates and Keefe, Bruyette & Woods are representatives of the underwriters
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 12, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.