secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001628280-22-002214
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colony Bankcorp raises ~$59.3M in public offering of 3.85M shares at $16.50
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- Sold 3,848,485 shares including full exercise of underwriter option at $16.50/share.
- Net proceeds of approximately $59.3 million after underwriting discounts and expenses.
- Underwriting agreement with Hovde Group, LLC as representative of the underwriters.
- Directors and executive officers subject to a 90-day lock-up on share sales.
- Offering registered under effective shelf registration statement (File No. 333-260498).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000162828022002214/0001628280-22-002214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000162828022002214/cban-20220210.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-002214

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