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GBank Financial Holdings Inc. Announces Closing of $20 Million Private Placement of Common Stock
LAS VEGAS, Oct. 16, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company of GBank (the "Bank"), is pleased to
About this update from Gbank Financial Holdings Inc.
[{"type":"text","content":"LAS VEGAS, Oct. 16, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the \"Company\") (OTCQX: GBFH), the parent company of GBank (the \"Bank\"), is pleased to announce the completion of its $20.0 million Private Placement Offering. Raymond James & Associates, Inc. and Janney Montgomery Scott LLC served as financial advisors on the private placement (presentation link). After deducting offering related expenses, net proceeds to the Company shall be approximately $19.2 million.\n\nEdward M. Nigro, Executive Chairman of GBank Financial Holdings Inc., stated, \"This additional capital positions us to execute on our strategic growth initiatives. We deeply appreciate the confidence our investors have placed in us and look forward to continuing the growth and performance they expect from GBank.\"\nRaymond James & Associates, Inc., Janney Montgomery Scott LLC, and Chapin Davis, Inc. provided financial advisory services for the Private Placement. Sklar Williams PLLC provided legal counsel to GBank Financial Holdings Inc., and Nelson Mullins Riley & Scarborough LLP served as legal counsel to the financial advisors.\nClick here to learn more about GBank Financial Holdings Inc.\nCautionary Notice Regarding Forward-Looking Statements\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding certain of the Company's goals and expectations with respect to future events that are subject to various risks and uncertainties, and statements preceded by, followed by, or that include the words \"may,\" \"will,\" \"could,\" \"should,\" \"expect,\" \"plan,\" \"project,\" \"intend,\" \"anticipate,\" \"believe,\" \"estimate,\" \"predict,\" \"potential,\" \"pursuant,\" \"target,\" \"continue,\" and similar expressions. These statements are based upon the current belief and expectations of the Company's management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include, but are not limited to: the impact on us or our customers of a decline in general economic conditions and any regulatory r...