CNB Financial Corporation Announces “At-The-Market” Offering of Shares of Common Stock

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[{"type":"text","content":"CLEARFIELD, Pa., Nov. 12, 2019 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“CNB”) (NASDAQ: CCNE), the parent company of CNB Bank, announced today that it had filed a prospectus supplement to its existing shelf registration statement on Form S-3 relating to the sale of shares of its common stock having an aggregate value of up to $40,000,000 through an “at-the-market” equity offering program.\n CNB intends to use the net proceeds from the offering for general corporate purposes, including potential future acquisitions and to support organic growth. The shares will be offered through Keefe, Bruyette & Woods, Inc. as sales agent. The sales agent may sell shares of our common stock by any method permitted by law deemed to be an “at-the-market offering” as defined in Rule 415 of the Securities Act of 1933, as amended, including without limitation sales made directly on the NASDAQ Global Select Market, on any other existing trading market for the common stock or to or through a market maker. In addition, the sales agent may also sell the shares of common stock by any other method permitted by law, including, but not limited to, negotiated transactions. Sales may be made at market prices prevailing at the time of the sale, at prices related to prevailing market prices or at negotiated prices. CNB has filed with the U.S. Securities and Exchange Commission (“SEC”) a prospectus supplement to the prospectus contained in its existing shelf registration statement on Form S-3 (File No. 333-215449) for the offering of shares of common stock described in this communication. Before you invest, you should read the prospectus, the prospectus supplement relating to the “at-the-market” program, and other documents CNB has filed with the SEC (many of which are incorporated by reference into the prospectus and prospectus supplement) for more complete information about the CNB and the at-the-market program. You may obtain copies of the prospectus supplement and accompanying prospectus relating to the offering without charge by visiting the SEC’s website at www.sec.gov, or from Keefe, Bruyette & Woods, 787 Seventh Avenue, 4th Floor, New York, NY 10019 – Attention: Equity Capital Markets, or by calling toll free (800) 966-1559 or by email at [email protected]. This press release is for informational purposes only and is not an offer to sell or ...

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