By Devika Patel
Knoxville, Tenn., Jan. 25 - Enterprise Financial Services Corp. said it raised approximately $15 million in a private placement of common stock. The initial tranche settled for $5.19 million on Jan. 12.
Enterprise sold common shares at $8.09 per share to company directors and officers and $7.71 apiece to other investors. It sold 665,183 shares in the first tranche.
Proceeds will be used for general corporate purposes.
St. Louis-based Enterprise is a financial holding company.
| Issuer: | Enterprise Financial Services Corp.
|
| Issue: | Common stock
|
| Amount: | $15 million (approximate)
|
| Price: | $8.09 for company directors and officers and $7.71 for other investors
|
| Warrants: | No
|
| Settlement date: | Jan. 12 (for $5,192,406); Jan. 25
|
| Stock symbol: | Nasdaq: EFSC
|
| Stock price: | $8.09 at close Jan. 11
|
| Market capitalization: | $118 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.
