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Eagle Financial Services, Inc. Announces Closing of Overallotment Option and Issuance of 234,375 Shares of Common Stock
BERRYVILLE, Va., Feb. 13, 2025 /PRNewswire/ -- Eagle Financial Services, Inc. (Nasdaq: EFSI) (the "Company"), parent company of Bank of Clarke, today
About this update from Eagle Financial Services Inc
[{"type":"text","content":"BERRYVILLE, Va., Feb. 13, 2025 /PRNewswire/ -- Eagle Financial Services, Inc. (Nasdaq: EFSI) (the \"Company\"), parent company of Bank of Clarke, today announced that the underwriters for its recently completed public offering have exercised their overallotment option and completed the sale of an additional 234,375 shares of common stock at the public offering price of $32.00 per share. The expected proceeds to the Company in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount and commissions but before deducting operating expenses payable by the Company, are approximately $7.1 million. The Company's common stock trades on the Nasdaq Capital Market under the ticker symbol \"EFSI.\"\n\n \n \n \n \n \n \n\n \nKeefe, Bruyette & Woods, A Stifel Company served as the sole bookrunner for the offering, and D.A. Davidson & Co. acted as the lead manager.\nAdditional Information Regarding the Offering\nThe offering of common stock was 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 final prospectus supplement dated February 6, 2025 and accompanying prospectus dated February 28, 2023, which form part of the registration statement, have been filed with the SEC. Prospective investors should read the final 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. Copies of 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 [email protected].\nNo Offer or Solicitation\nThis 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.\nAbout Eagle Financial Services, Inc.\nEagle Fin...