Carolina Financial Corporation Announces Commencement of Common Stock Offering
Staff Report From Charleston CEO
Thursday, June 7th, 2018
Carolina Financial Corporation, the parent company of CresCom Bank, announced that it has agreed to sell 1,500,000 shares of its common stock, and that certain of its executive officers and directors have agreed to sell 96,350 of their shares of the Company's common stock, in an underwritten public offering. Raymond James & Associates, Inc. is acting as the sole bookrunning manager for the offering. The Company will not receive any proceeds from the sale of shares by the selling stockholders. The Company intends to use the net proceeds of the offering for general corporate purposes, including potential future acquisitions and to support continued organic growth.
The Common Stock will be issued pursuant to an effective shelf registration statement (File No. 333-222550) (including base prospectus), a preliminary prospectus supplement filed with the Securities and Exchange Commission (the "SEC"), and a final prospectus supplement to be filed with the SEC. A copy of the preliminary prospectus supplement and, when available, the final prospectus supplement can be obtained from Raymond James & Associates, Inc., Attention: Prospectus Department, 880 Carillon Parkway, Tower 3, 5th Floor, St. Petersburg, FL 33716, or by calling 800-248-8863 or via e-mail at prospectus@raymondjames.com.