Published on 5/31/2005 in the Prospect News PIPE Daily.
New Issue: Florida Choice raises $4.94 million from stock sale
By Sheri Kasprzak
Atlanta, May 31 - Florida Choice Bankshares, Inc. said it has wrapped up a private placement of stock for $4,940,512.
The offering included 308,782 shares at $16.00 each.
On March 31, the company closed a separate private placement for $14,109,472. That deal included 881,842 shares sold at $16.00 each.
Based in Mt. Dora, Fla., Florida Choice is a holding company for Florida Choice Bank.
Issuer: | Florida Choice Bankshares, Inc.
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Issue: | Stock
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Amount: | $4,940,512
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Shares: | 308,782
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Price: | $16.00
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Warrants: | No
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Settlement date: | May 27
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Stock price: | $14.10 at close May 27
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