First Guaranty Bancshares, Inc. Announces $10M Private Placement Of 714,286 Shares Of Common Stock At A Price Of $14/Share
Portfolio Pulse from Happy Mohamed
First Guaranty Bancshares, Inc. (NASDAQ:FGBI) has completed a $10 million private placement offering of 714,286 shares of common stock at $14 per share. The proceeds will be used for general corporate purposes, including supporting growth and enhancing regulatory capital ratios.
May 24, 2023 | 1:31 pm
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First Guaranty Bancshares completed a $10M private placement offering, which may boost investor confidence and support growth.
The successful completion of the $10M private placement offering demonstrates the company's ability to raise capital and the confidence of its Board of Directors. This may lead to increased investor confidence and support for the company's growth initiatives, potentially driving the stock price up in the short term.
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