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Midwest Holding Schedules Conference Call to Discuss Fourth Quarter and Fiscal Year 2020 Results

Midwest Holding Schedules Conference Call to Discuss Fourth Quarter and Fiscal Year 2020 Results
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Midwest Holding Inc Announces Closing of Public Offering

Share this article Share this article LINCOLN, Neb., Dec. 21, 2020 /PRNewswire/  Midwest Holding Inc. ( Midwest ) (NASDAQ: MDWT ) today announced the closing of its previously announced underwritten public offering of 1,000,000 shares of its voting common stock at a price to the public of $70.00 per share. The aggregate net proceeds to the Company are expected to be approximately $65.1 million, after deducting underwriting discounts and commissions. Midwest intends to use the net proceeds of the offering to support the growth of its insurance subsidiary, American Life & Security Corp., including possible product expansion and for general corporate purposes. Piper Sandler & Co. acted as sole bookrunner and JMP Securities acted as co-manager for the offering.

Midwest Holding Inc Announces Pricing of Public Offering

Share this article Share this article LINCOLN, Neb., Dec. 17, 2020 /PRNewswire/  Midwest Holding Inc. ( Midwest or the Company ) today announced that a public offering of 1,000,000 shares of its voting common stock has been priced at $70.00 per share. Midwest has granted the underwriters a 30-day option to purchase up to an additional 150,000 shares at the initial public offering price to cover over-allotments. The Midwest voting common stock has been approved for listing on the Nasdaq Capital Market under the ticker symbol MDWT.  The offering is expected to close on December 21, 2020, subject to customary closing conditions. The underwriters have also reserved 50,000 shares of the Company s voting common stock for sale at the public offering price set forth above, to directors, officers, employees, business associates and related persons of the Company through a directed share program.

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