I could be wrong, but the impression I had was that the secondary offering was completed on either the 17th or 18th of September at $4.20. The purcharers still have an option to purchase an additonal amount of shares within 30 days, but that number was pretty small, and at this market price (<$4.20) it would not make sense for them to exercise that option.
The chance to go below $4.00 I think will be minimal from the past two weeks action. I think the second offering should be completed in the next couple of weeks. Third quarter earning is coming soon so that the smart way to play the game is to complete the offering before earning. If Hban becomes profit in this coming quarter there will be a Hugh pop in the share price. I expect another ups & downs number in the next couple of weeks then Boom! Like the rest of the reginal banks have done lately.