Midwest Holding, which underwrites and markets annuities in the US, raised $70 million by offering 1 million shares at $70, the low end of the range of $70 to $74. At pricing, the company raised 3% less in proceeds than anticipated.
Midwest Holding plans to list on the Nasdaq under the symbol MDWT. The company is currently listed on the OTCQB under the symbol MDWT. Piper Sandler acted as a lead manager on the deal.
