Corporate ActionJul 22, 2026, 10:09 PM
Five Star Bancorp Prices $113.6M Public Offering at $44/Share
AI Summary
Five Star Bancorp announced the pricing of its previously disclosed underwritten public offering of 2,725,000 shares of common stock at $44.00 per share. The company expects to receive approximately $113.6 million in net proceeds, before deducting offering expenses. The underwriters also have a 30-day option to purchase up to an additional 408,750 shares. The proceeds are intended for general corporate purposes and to support the company's continued growth, including investments in Five Star Bank.
Key Highlights
- Priced underwritten public offering of 2,725,000 shares of common stock.
- Public offering price set at $44.00 per share.
- Expected net proceeds of approximately $113.6 million (before offering expenses).
- Underwriters granted 30-day option to purchase up to an additional 408,750 shares.
- Proceeds to be used for general corporate purposes and to support continued growth.
- Offering expected to close on or about July 24, 2026.
Price Impact
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