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WGNB further extends reoffering period for 9% convertible preferreds
By Angela McDaniels
Tacoma, Wash., Jan. 14 - WGNB Corp. extended the public reoffer portion of its offering of 9% series A convertible preferred stock to April 15, according to an 8-K filing with the Securities and Exchange Commission.
As previously reported, holders of WGNB common stock were offered the rights to 3.75 million of the convertible preferreds for $8 apiece. The offering expired on Sept. 19, and the reoffering of unsubscribed preferreds to the general public was originally slated to end Oct. 31 before being extended to Jan. 15.
WGNB is a bank holding company based in Carrollton, Ga.
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