Eagle Financial Services, Inc. Announces Launch of Common Stock Offering
Eagle Financial Services (OTCQX: EFSI) has announced the launch of an underwritten public offering of its common stock shares. The company has received approval for listing on the Nasdaq Capital Market under the symbol 'EFSI' and will grant underwriters a 30-day option to purchase additional shares.
The net proceeds will be used for general corporate purposes, including balance sheet restructuring through repositioning of available-for-sale debt securities portfolio and supporting capital ratios and continued growth. Keefe, Bruyette & Woods, A Stifel Company, is serving as the sole bookrunner, while D.A. Davidson & Co. is acting as lead manager.
The offering is being made through a registration statement on Form S-3 that was declared effective by the SEC on February 28, 2023. The company operates through its subsidiary, Bank of Clarke, with thirteen full-service branches, two loan production offices, one wealth management office, and one drive-through facility across Virginia.
Eagle Financial Services (OTCQX: EFSI) ha annunciato il lancio di un'offerta pubblica garantita delle sue azioni ordinarie. L'azienda ha ricevuto l'approvazione per essere quotata sul Nasdaq Capital Market con il simbolo 'EFSI' e concederà agli underwriter un'opzione di 30 giorni per acquistare azioni aggiuntive.
I proventi netti saranno utilizzati per scopi aziendali generali, inclusa la ristrutturazione del bilancio attraverso il riposizionamento del portafoglio di titoli di debito disponibili per la vendita e per supportare i rapporti di capitale e la crescita continua. Keefe, Bruyette & Woods, una società di Stifel, funge da unico bookrunner, mentre D.A. Davidson & Co. agisce come gestore principale.
L'offerta viene effettuata attraverso una dichiarazione di registrazione del modulo S-3 che è stata dichiarata efficace dalla SEC il 28 febbraio 2023. L'azienda opera attraverso la sua sussidiaria, Bank of Clarke, con tredici filiali a servizio completo, due uffici di produzione prestiti, un ufficio di gestione patrimoniale e una struttura con sportello automatico in Virginia.
Eagle Financial Services (OTCQX: EFSI) ha anunciado el lanzamiento de una oferta pública garantizada de sus acciones ordinarias. La empresa ha recibido aprobación para cotizar en el Nasdaq Capital Market bajo el símbolo 'EFSI' y otorgará a los suscriptores una opción de compra de 30 días para adquirir acciones adicionales.
Los ingresos netos se utilizarán para fines corporativos generales, incluyendo la reestructuración del balance mediante el reposicionamiento de la cartera de valores de deuda disponibles para la venta y para respaldar los ratios de capital y el crecimiento continuo. Keefe, Bruyette & Woods, una empresa de Stifel, actúa como el único bookrunner, mientras que D.A. Davidson & Co. es el gerente principal.
La oferta se realiza a través de una declaración de registro en el formulario S-3 que fue declarada efectiva por la SEC el 28 de febrero de 2023. La empresa opera a través de su subsidiaria, Bank of Clarke, con trece sucursales de servicio completo, dos oficinas de producción de préstamos, una oficina de gestión de patrimonio y una instalación de servicio de autos en Virginia.
이글 파이낸셜 서비스 (OTCQX: EFSI)는 보증된 공개 주식 발행을 발표했습니다. 이 회사는 'EFSI' 기호 하에 나스닥 자본 시장에 상장 승인을 받았으며, 인수자에게는 추가 주식을 구매할 수 있는 30일 옵션을 제공합니다.
순수익은 일반적인 기업 목적을 위한 것으로 사용되며, 판매 가능한 채무 증권 포트폴리오의 재배치, 자본 비율 지원 및 지속적인 성장 등을 위한 재무 재구성이 포함됩니다. 키프, 브루예트 & 우즈, 스티펠 회사는 단독 북러너로 활동하고 있으며, D.A. 다비드슨 & Co.가 주관 관리자로 활동하고 있습니다.
이번 제안은 SEC가 2023년 2월 28일에 효력을 발생시킨 S-3 양식의 등록명세서를 통해 이루어지고 있습니다. 이 회사는 버지니아에 13개의 종합 서비스 지점, 2개의 대출 생산 사무소, 1개의 자산 관리 사무소, 1개의 드라이브 스루 시설을 두고 있는 자회사 클락 은행을 통해 운영됩니다.
Eagle Financial Services (OTCQX: EFSI) a annoncé le lancement d'une offre publique souscrite de ses actions ordinaires. L'entreprise a obtenu l'approbation pour être cotée sur le Nasdaq Capital Market avec le symbole 'EFSI' et accordera aux souscripteurs une option d'achat de 30 jours pour acquérir des actions supplémentaires.
Le produit net sera utilisé à des fins générales d'entreprise, y compris la restructuration du bilan à travers le repositionnement du portefeuille de titres de créance disponibles à la vente et pour soutenir les ratios de capital et la croissance continue. Keefe, Bruyette & Woods, une société de Stifel, agit en tant que bookrunner unique, tandis que D.A. Davidson & Co. est le gestionnaire principal.
L'offre est faite par le biais d'une déclaration d'enregistrement au formulaire S-3 qui a été déclarée effective par la SEC le 28 février 2023. L'entreprise opère à travers sa filiale, Bank of Clarke, avec treize agences à service complet, deux bureaux de production de prêts, un bureau de gestion de patrimoine et un service au volant en Virginie.
Eagle Financial Services (OTCQX: EFSI) hat die Einführung eines unterzeichneten öffentlichen Angebots für ihre Stammaktien bekannt gegeben. Das Unternehmen hat die Genehmigung erhalten, am Nasdaq Capital Market unter dem Symbol 'EFSI' gelistet zu werden und wird den Underwritern eine 30-tägige Option gewähren, zusätzliche Aktien zu kaufen.
Die Nettoerlöse werden für allgemeine Unternehmenszwecke verwendet, einschließlich der Umstrukturierung der Bilanz durch Neuordnung des Portfolios von verfügbaren Schuldverschreibungen und zur Unterstützung der Kapitalquoten und des fortwährenden Wachstums. Keefe, Bruyette & Woods, ein Stifel-Unternehmen, fungiert als alleiniger Buchführer, während D.A. Davidson & Co. als Hauptmanager tätig ist.
Das Angebot erfolgt über eine Registrierungsanmeldung auf dem Formular S-3, die am 28. Februar 2023 von der SEC für wirksam erklärt wurde. Das Unternehmen ist über seine Tochtergesellschaft, die Bank of Clarke, mit dreizehn Vollservice-Filialen, zwei Darlehensproduktionsbüros, einem Vermögensverwaltungsbüro und einer Drive-Through-Einrichtung in Virginia tätig.
- Upcoming listing upgrade from OTCQX to Nasdaq Capital Market
- Potential strengthening of capital position through new stock offering
- Strategic expansion of market presence through uplisting
- Potential dilution of existing shareholders' value through new stock offering
The Company intends to use the net proceeds from this offering for general corporate purposes, which may include balance sheet restructuring through the repositioning of our available-for-sale debt securities portfolio, and to support our capital ratios and our continued growth.
Keefe, Bruyette & Woods, A Stifel Company is serving as the sole bookrunner for the offering, and D.A. Davidson & Co. is acting as the lead manager.
Additional Information Regarding the Offering
The offering of common stock is being made pursuant to a registration statement on Form S-3 (File No. 333-269804) that was declared effective by the Securities and Exchange Commission (the "SEC") on February 28, 2023. A preliminary prospectus supplement to which this communication relates has been filed with the SEC. A final prospectus supplement and accompanying prospectus will be filed with the SEC. Prospective investors should read the preliminary prospectus supplement and the accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the offering. Copies of these documents are available at no charge by visiting the SEC's website at www.sec.gov. When available, copies of the preliminary prospectus supplement, the final prospectus supplement and accompanying prospectus related to the offering may be obtained by contacting Keefe, Bruyette & Woods, A Stifel Company by telephone at (800) 966-1559 or by e-mail at USCapitalMarkets@kbw.com.
No Offer or Solicitation
This press release does not constitute an offer to sell, a solicitation of an offer to sell, or the solicitation of an offer to buy any securities. There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Eagle Financial Services, Inc.
Eagle Financial Services, Inc. (OTCQX: EFSI) (the "Company") is a bank holding company that was incorporated in 1991. The Company is headquartered in
Special Note Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company's beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan" or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company's expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company's forward-looking information and statements proves incorrect, then the Company's actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company's forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 under the section entitled "Risk Factors," and other documents filed by the Company with the SEC from time to time.
The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.
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SOURCE Eagle Financial Services, Inc.
FAQ
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