WICHITA, Kan.–(BUSINESS WIRE)–Fairness Bancshares, Inc. (NYSE: EQBK) (Fairness or the Firm) immediately introduced the closing of its underwritten public providing of two,067,240 shares of its Class A typical inventory (the widespread inventory), at a public providing value of $44.50 per share, which included 269,640 shares issued upon the train in full by the underwriters of their choice to buy further shares of widespread inventory. The whole gross proceeds from the providing have been roughly $92.0 million. The Firm expects that the online proceeds from the providing shall be roughly $86.9 million after underwriting reductions and commissions and estimated providing bills payable by the Firm.
Stephens Inc. is appearing as sole book-running supervisor for the providing. D.A. Davidson & Co., Hovde Group, LLC, Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co. are appearing as co-managers for the providing.
The Firm intends to make use of the online proceeds of the providing to assist its continued progress, together with future strategic acquisitions, investments in Fairness Financial institution to assist natural progress, the potential compensation of present subordinated debt, and for different basic company functions.
Further Info Relating to the Providing
The providing was made by the use of an efficient shelf registration assertion on Kind S-3 (File No. 333-267025), together with a preliminary prospectus complement and last prospectus complement, copies of which can be found on the SEC’s web site at www.sec.gov or could also be obtained by contacting Stephens Inc. by phone at (800) 643-9691 or by e-mail at prospectus@stephens.com.
No Provide or Solicitation
This press launch is for informational functions solely and doesn’t represent a proposal to promote or a solicitation of a proposal to purchase the securities, nor shall there be any sale of the securities in any state or different jurisdiction through which such provide, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction. The securities being provided haven’t been authorised or disapproved by the Securities and Change Fee or another regulatory authority, nor has any such authority handed upon the accuracy or adequacy of the prospectus complement or the shelf registration assertion or prospectus relating thereto.
About Fairness Bancshares (NYSE:), Inc.
Fairness Bancshares, Inc. is the holding firm for Fairness Financial institution, providing a full vary of monetary options, together with industrial loans, client banking, mortgage loans, belief and wealth administration providers and treasury administration providers, whereas delivering the high-quality, relationship-based customer support of a neighborhood financial institution. Be taught extra at www.equitybank.com.
Cautionary Discover Relating to Ahead-Wanting Statements
This press launch comprises forward-looking statements together with statements with respect to the Firm’s goals, expectations and intentions and different statements that aren’t historic information. All statements aside from statements of historic reality are statements that may very well be forward-looking statements. Ahead-looking statements embody statements regarding the potential securities providing, which is opportunistic and topic to market situations, and using proceeds from the providing. You’ll be able to determine these forward-looking statements via using phrases comparable to could, stability sheet optimization efforts, will, anticipate, assume, ought to, point out, would, imagine, ponder, anticipate, estimate, proceed, level to, undertaking, may, intend, anticipate, and different related phrases and expressions of the long run.
Ahead-looking statements contain dangers, uncertainties and different elements, which can be past our management, and which can trigger the Firm’s precise outcomes, efficiency, achievements, or monetary situation to be materially totally different from future outcomes, efficiency, achievements, or monetary situation expressed or implied by such forward-looking statements. You shouldn’t depend on any forward-looking statements as predictions of future occasions. You shouldn’t anticipate us to replace any forward-looking statements, besides as required by legislation. All forward-looking statements attributable to us are expressly certified of their entirety by this cautionary discover, along with these dangers and uncertainties described in Danger Elements within the Firm’s annual report on Kind 10-Ok for the fiscal 12 months ended December 31, 2023 filed on March 7, 2024, the Firm’s subsequent Quarterly Experiences on Kind 10-Q or Present Experiences on Kind 8-Ok, within the prospectus complement and accompanying base prospectus regarding the providing, and within the Firm’s different filings with the SEC, which can be found on the SEC’s web site www.sec.gov.
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Media Contact:
Russell Colburn
Public Relations & Communications Supervisor
Fairness Bancshares, Inc.
(913) 583-8011
rcolburn@equitybank.com
Investor Contact:
Brian Katzfey
VP, Director of Company Improvement and Investor Relations
Fairness Bancshares, Inc.
(316) 858-3128
bkatzfey@equitybank.com
Supply: Fairness Bancshares
