Corporate ActionJul 23, 2026, 04:17 PM
Five Star Bancorp Prices $112.9M Common Stock Offering
AI Summary
Five Star Bancorp announced the pricing of an underwritten public offering of 2,725,000 shares of its common stock at $44.00 per share. The company expects to receive approximately $112.9 million in net proceeds, which will be allocated towards general corporate purposes, supporting continued growth, and working capital. The offering also includes a 30-day option for underwriters to purchase up to an additional 408,750 shares and is anticipated to close around July 24, 2026.
Key Highlights
- Five Star Bancorp priced an underwritten public offering of 2,725,000 shares of common stock.
- The public offering price is $44.00 per share.
- The company granted underwriters a 30-day option to purchase an additional 408,750 shares.
- Expected net proceeds are approximately $112.9 million after deducting discounts and expenses.
- Proceeds will be used for general corporate purposes, continued growth, and working capital.
- The offering is expected to close on or about July 24, 2026.
Price Impact
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