By Devika Patel
Knoxville, Tenn., Feb. 25 - Ohio Legacy Corp. settled a $17.5 million private placement of stock on Feb. 19, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal priced for $15 million on Nov. 15.
The company sold 17.5 million common shares at $1.00 per share. Of the shares, 15 million were sold to Excel Financial LLC.
Based in Wooster, Ohio, Ohio Legacy is a bank holding company for Ohio Legacy Bank, NA.
| Issuer: | Ohio Legacy Corp.
|
| Issue: | Common stock
|
| Amount: | $17.5 million
|
| Shares: | 17.5 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Investors: | Excel Financial LLC (for $15 million)
|
| Pricing date: | Nov. 15
|
| Settlement date: | Feb. 19
|
| Stock symbol: | Nasdaq: OLCB
|
| Stock price: | $0.67 at close Nov. 13
|
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