other material
confidence high
sentiment neutral
materiality 0.60
Eagle Financial Services prices 1.56M share offering at $32/sh, net proceeds ~$46.4M
EAGLE FINANCIAL SERVICES INC
- Offering of 1,562,500 shares at $32.00/share; expected net proceeds ~$46.4M after underwriting discounts and expenses.
- Underwriters granted 30-day option to purchase up to 234,375 additional shares at same price.
- Proceeds may be used for balance sheet restructuring, including repositioning AFS debt securities portfolio.
- Shares expected to begin trading on Nasdaq on Feb 7, 2025 under symbol EFSI (previously OTCQX).
- Closing expected Feb 10, 2025; KBW sole bookrunner, D.A. Davidson lead manager.