Orchid Island Capital, Inc. Announces Full Exercise of Underwriter's Option to Purchase Additional Shares and Closing of Public Offering of Common Stock

Jan 26, 2021

Orchid Island Capital, Inc. (NYSE:ORC, Financial) (the “Company”) announced today the closing of an underwritten public offering of 8,740,000 shares of its common stock, including 1,140,000 shares purchased by the underwriter pursuant to its exercise, in full, of an option to purchase additional shares. Aggregate net proceeds to the Company from the offering, after deducting estimated offering expenses, were approximately $45.3 million. J.P. Morgan acted as sole bookrunning manager for the offering.

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