Bank holding company sells stock at $8.25 per share, or 1.2% discount
By Devika Patel
Knoxville, Tenn., Feb. 1 - Old Line Bancshares, Inc. completed a private placement of stock on Feb. 1, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal raised $6.41 million.
The company sold 776,872 common shares at $8.25 per share. The price per share is a 1.2% discount to the $8.35 closing share price on Jan. 31.
The holding company of Old Line Bank is based in Bowie, Md.
| Issuer: | Old Line Bancshares, Inc.
|
| Issue: | Common stock
|
| Amount: | $6,409,194
|
| Shares: | 776,872
|
| Price: | $8.25
|
| Warrants: | No
|
| Settlement date: | Feb. 1
|
| Stock symbol: | Nasdaq: OLBK
|
| Stock price: | $8.35 at close Jan. 31
|
| Market capitalization: | $34.21 million
|
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