Offering of company's common shares conducted at $4.35 per share
By Devika Patel
Knoxville, Tenn., Aug. 4 - Capital Pacific Bancorp said it has completed a $3.2 million private placement of stock. The deal was led by Josiah Hornblower and Hans Schroeder of Blue Pine Partners LLC.
The company will sell common shares at $4.35 apiece. The price per share is a 6.62% premium to the Aug. 3 closing share price of $4.08.
Portland, Ore.-based Capital Pacific is the parent company of Capital Pacific Bank, which provides banking services.
| Issuer: | Capital Pacific Bancorp
|
| Issue: | Common shares
|
| Amount: | $3.2 million
|
| Price: | $4.35
|
| Warrants: | No
|
| Investors: | Josiah Hornblower and Hans Schroeder of Blue Pine Partners LLC
|
| Settlement date: | Aug. 4
|
| Stock symbol: | OTCBB: CPBO
|
| Stock price: | $4.08 at close Aug. 4
|
| Market capitalization: | $7.23 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
