secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001437749-22-024245
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Business First Bancshares raises ~$46.8M in 2.5M share offering at $20/share
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- Issued 2,500,000 shares of Common Stock at $20.00 per share in underwritten public offering.
- Net proceeds of approximately $46.75 million after underwriting discounts and expenses.
- Proceeds to be used for general corporate purposes, including capital augmentation, organic growth, acquisitions, and redeeming subordinated debt.
- Underwriters include Stephens, Inc.; offering closed on October 17, 2022.
- Directors and executive officers entered into 90-day lock-up agreements on Company securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000143774922024245/0001437749-22-024245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000143774922024245/bfbi20221014_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024245

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