First Guaranty Bancshares issues 2.2M common shares in debt-for-equity swap and private placement

First Guaranty Bancshares, Inc.

Issued 1,981,506 shares to director Edgar Ray Smith III in exchange for $15M subordinated note due 2032.
Private placement of 131,460 shares at $8.10/share for general corporate purposes.
Issued 36,060 and 52,422 shares as interest payments on promissory note and subordinated note to Smith & Tate.
All offerings are unregistered, relying on Section 4(2) and Regulation D exemptions.

item 3.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.