Shareholders to receive 2.4091 shares per subscription right held
By Devika Patel
Knoxville, Tenn., Jan. 29 - Community Financial Shares, Inc. plans a rights offering to raise up to $3 million, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission. The shares are being offered directly by the company without an underwriter or agent.
The company will offer rights for up to 3 million common shares at $1.00 apiece, a 25.93% discount to the closing share price of $1.35 on Jan. 28. Each subscription right will entitle its holder to purchase 2.4091 common shares at the subscription price of $1.00 per share.
Proceeds will be used for general corporate purposes.
The parent company of Community Bank-Wheaton/Glen Ellyn is based in Glen Ellyn, Ill.
| Issuer: | Community Financial Shares, Inc.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 3 million
|
| Price: | $1.00
|
| Warrants: | No
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| Pricing date: | Jan. 29
|
| Stock symbol: | OTCBB: CFIS
|
| Stock price: | $1.35 at close Jan. 28
|
| Market capitalization: | $1.59 million
|
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