Offering sells 376,400 common shares at $33.00 each, a 3.25% premium
By Devika Patel
Knoxville, Tenn., May 26 – Middlefield Banc Corp. settled a $5.99 million second tranche of a $12.42 million private placement of stock on May 24, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal raised $5 million on May 2.
The company is selling 376,400 common shares at $33.00 apiece. The price per share is a 3.25% premium to the April 29 closing share price of $31.96.
Middlefield sold 151,515 shares to two investors in the first tranche.
On May 24, it sold an additional 181,585 shares. Of the second-tranche shares, 14,179 were sold to insiders and 167,406 were sold to other investors.
The bank holding company is based in Middlefield, Ohio.
| Issuer: | Middlefield Banc Corp.
|
| Issue: | Common stock
|
| Amount: | $12,421,200
|
| Shares: | 376,400
|
| Price: | $33.00
|
| Warrants: | No
|
| Settlement date: | May 2 (for $5 million), May 24 (for $5,992,305)
|
| Stock symbol: | Nasdaq: MBCN
|
| Stock price: | $31.96 at close April 29
|
| Market capitalization: | $64.06 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.
