Southern Missouri Bancorp Announces "At-The" Offering of Shares of Common Stock
June 09 2017 - 4:45PM
Southern Missouri Bancorp, Inc. (the “Company”) (NASDAQ: SMBC),
the parent corporation of Southern Bank (the “Bank”), today
announced that it had filed a prospectus supplement to its
effective shelf registration statement on Form S-3 for the sale of
shares of its common stock having an aggregate market value of up
to $25,000,000 through an “at the market” equity offering
program.
The Company intends to use the net proceeds from the offering
for general corporate purposes, which may include working capital
to support organic growth at Southern Bank, and to support possible
acquisitions to the extent available. The shares will be
offered through Keefe, Bruyette & Woods, Inc. A Stifel Company
as distribution agent. The distribution 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 Market, on any other existing trading
market for the common stock or to or through a market maker.
In addition, the distribution 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.
The Company 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. 333-202963) 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 the Company has
filed with the SEC (many of which are incorporated by reference
into the prospectus and prospectus supplement) for more complete
information about the Company 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 (telephone
800.966.1559).
This press release is for information purposes only and is not
an offer to sell or the solicitation of an offer to buy any
security of the Company, which is made only by means of a
prospectus supplement and related prospectus, nor will there be any
sale of any security in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Southern Missouri Bancorp and Southern
Bank
Southern Missouri Bancorp is a bank holding company with
consolidated assets of approximately $1.5 billion that conducts
business primarily through Southern Bank, its wholly owned banking
subsidiary. Southern Bank provides its customers with a full
array of community banking services. Southern Bank focuses on
relationship banking through its headquarters in Poplar Bluff and
32 additional full service offices and three limited service
offices in Missouri and Arkansas. More information about the
Company and Southern Bank may be found on the Company’s website at
www.bankwithsouthern.com.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are intended to be
covered by the safe harbor for “forward-looking statements”
provided by the Private Securities Litigation Reform Act of
1995. Forward-looking statements are those that are not
historical facts. Forward-looking statements include
statements with respect to beliefs, plans, objectives, goals,
expectations, anticipations, estimates and intentions that are
subject to significant risks and uncertainties and are subject to
change based on various factors (some of which are beyond the
Company’s control). Forward-looking statements often include
the words “believes,” “expects,” “anticipates,” “estimates,”
“forecasts,” “intends,” “plans,” “targets,” “potentially,”
“probably,” “projects,” “outlook” or similar expressions or future
conditional verbs such as “may,” “will,” “should,” “would” and
“could.” The Company’s actual results may differ materially
from those contemplated by the forward-looking statements, which
are neither statements of historical fact nor guarantees or
assurances of future performance. For more information about
factors that could cause actual results to differ from those
discussed in the forward-looking statements, please refer to the
Company’s prospectus and prospectus supplement and the documents
incorporated by reference therein.
The forward-looking statements are based upon management’s
beliefs and assumptions and are made as of the date of this press
release. The Company undertakes no obligation to publicly
update or revise any forward-looking statements included in this
press release or to update the reasons why actual results could
differ from those contained in such statements, whether as a result
of new information, future events or otherwise, except to the
extent required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release might not occur and you should not put undue
reliance on any forward-looking statements.
Matt Funke
573-778-1809
Southern Missouri Bancorp (NASDAQ:SMBC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Southern Missouri Bancorp (NASDAQ:SMBC)
Historical Stock Chart
From Jul 2023 to Jul 2024