Orchid Island Capital, Inc. Announces Pricing of Public Offering of Common Stock

VERO BEACH, Fla.–(BUSINESS WIRE)–Orchid Island Capital, Inc. (NYSE:ORC) (the Company) announced today that it priced an underwritten public offering of 7,600,000 shares of its common stock for gross proceeds of approximately $40.3 million. The Company also granted the underwriter a 30-day option to purchase up to an additional 1,140,000 shares of common stock. The offering is expected to close on January 25, 2021, subject to customary closing conditions. J.P. Morgan acted as sole bookrunning manager…

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