Company sells 875,000 common shares at $13.92 apiece through offering
By Devika Patel
Knoxville, Tenn., Dec. 2 – Sunshine Bancorp, Inc. arranged a $12.18 million private placement of stock on Dec. 2, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company will sell 875,000 common shares at $13.92 apiece on a best-efforts basis. The price per share is a 1.61% premium to the Dec. 1 closing share price of $13.70.
Settlement is expected Dec. 4.
Proceeds will be used for general corporate purposes.
The savings and loan holding company is based in Plant City, Fla.
| Issuer: | Sunshine Bancorp, Inc.
|
| Issue: | Common stock
|
| Amount: | $12.18 million
|
| Shares: | 875,000
|
| Price: | $13.92
|
| Warrants: | No
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 4
|
| Stock symbol: | Nasdaq: SBCP
|
| Stock price: | $13.70 at close Dec. 1
|
| Market capitalization: | $61.79 million
|
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