By Laura Lutz
Des Moines, Jan. 3 - NetBank, Inc. priced a private placement of stock for $25.35 million.
The company plans to sell 6.5 million shares at $3.90 each to new and existing institutional investors.
Proceeds will be used for general corporate purposes.
Settlement is expected on Jan. 5.
Based in Atlanta, NetBank is a holding company for banking and mortgage lending businesses.
| Issuer: | NetBank, Inc.
|
| Issue: | Stock
|
| Amount: | $25.35 million
|
| Shares: | 6.5 million
|
| Price: | $3.90
|
| Warrants: | No
|
| Pricing date: | Jan. 3
|
| Settlement date: | Jan. 5
|
| Stock symbol: | Nasdaq: NTBK
|
| Stock price: | $4.64 at close Dec. 29
|
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