Rocky Brands prices public offering
Rocky Brands said it priced an underwritten public offering of 1.8 million shares of stock at $8.40 per share.
The company expects net proceeds of $14.1 million. It plans to use the money to pay down long-term debt.
The price is an 8-percent discount to the last closing share price of $9.15.
Underwriters have a chance to buy up to an additional 270,000 additional shares of common stock. The offering is expected to close on May 14.
--Compiled by Wendy Geister
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