1,983,160 common shares sold in subscription and community offerings
By Devika Patel
Knoxville, Tenn., July 7 – Equitable Financial Corp. will raise $15.87 million in subscription and community offerings of stock, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company will sell 1,983,160 common shares at $8.00 apiece. The price per share is a 13.04% discount to the July 6 closing share price of $9.20.
The banking company is based in Grand Island, Neb.
| Issuer: | Equitable Financial Corp.
|
| Issue: | Common shares
|
| Amount: | $15,865,280
|
| Shares: | 1,983,160
|
| Price: | $8.00
|
| Warrants: | No
|
| Pricing date: | July 7
|
| Stock symbol: | OTCBB: EQFC
|
| Stock price: | $9.20 at close July 6
|
| Market capitalization: | $28.9 million
|
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