WICHITA, Kan.–( BUSINESS WIRE )–Equity Bancshares, Inc. (NYSE: EQBK ) (Equity Bancshares or the Company) today announced the closing of an underwritten public offering of 2,067,240 shares of Class A common stock at the public offering price $44.50 per share, which included 269,640 shares in issue upon full exercise by the underwriters options to purchase additional shares of common stock. Total gross proceeds from the offering were approximately $92.0 million. The Company expects the net proceeds of the Offering to be approximately $86.9 million after underwriting discounts and commissions and estimated offering expenses paid by the Company.
Stephens Inc. acts as the sole bookkeeping manager. DA Davidson & Co., Hovde Group, LLC, Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co. act as co-managers of the offer.
The company intends to use the net proceeds from the offering to support continued growth, including future strategic acquisitions, equity bank investments to support organic growth, potential repayment of existing subordinated debt and for other general corporate purposes.
Additional information regarding the offer
The offering was made by means of an effective shelf registration statement on Form S-3 (File No. 333-267025), including a preliminary prospectus supplement and a final prospectus supplement, copies of which are available on the SEC’s website at www.sec.gov or may be obtained by contacting Stephens Inc. by phone at (800) 643-9691 or by email at prospectus@stephens.com.
No suggestions or requests
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities, nor may there be a sale of securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by the Securities and Exchange Commission or any other regulatory body, and no such body has passed on the accuracy or adequacy of the prospectus supplement or shelf registration statement or prospectus relating thereto. .
About Equity Bancshares (NYSE:), Inc.
Equity Bancshares, Inc. is the holding company of Equity Bank, offering a full range of financial solutions, including commercial lending, consumer banking, mortgage lending, trust and wealth management services, and treasury management services, while delivering high-quality relationships. based on community bank customer service. Learn more at www.equitybank.com.
Caution regarding forward-looking statements
This press release contains forward-looking statements, including statements regarding the company’s goals, expectations and intentions, and other statements that are not historical facts. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements include statements regarding the potential offering of securities, which is opportunistic and dependent on market conditions, and the use of proceeds from the offering. You can identify these forward-looking statements by words such as may, balance sheet optimization efforts, will, anticipate, anticipate, should, indicate, will, believe, contemplate, expect, estimate, continue, indicate at, project, may , to intend, foresee and other similar words and expressions of the future.
Forward-looking statements involve risks, uncertainties and other factors that may be beyond our control and that could cause the company’s actual results, performance, achievements or financial condition to differ materially from the future results, performance, achievements or financial condition expressed or implied by such forward-looking statements. You should not rely on any forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All forward-looking statements relating to us are expressly qualified in their entirety by this cautionary statement, together with those risks and uncertainties described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 g., filed on March 7, 2024. the company’s subsequent quarterly reports on Form 10-Q or current Report on Form 8-K, the prospectus supplement and the accompanying base prospectus relating to the offering and the company’s other filings with the SEC, which are available on the SEC’s website www.sec.gov.
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Media contact:
Russell Colburn
Public Relations and Communications Manager
Equity Bancshares, Inc.
(913) 583-8011
rcolburn@equitybank.com
Contact information for investors:
Brian Katzfey
Vice President, Director of Corporate Development and Investor Relations
Equity Bancshares, Inc.
(316) 858-3128
bkatzfey@equitybank.com
Source: Equity Bancshares
