Waccamaw Bankshares Announces Extension of Rights Offering

by Zagros on July 12, 2020

PR Newswire


WHITEVILLE, N.C., July 12 /PRNewswire-FirstCall/ — Waccamaw Bankshares, Inc. (Nasdaq: WBNK), the bank holding company for Waccamaw Bank, announced today that it is extending the subscription deadline for its rights offering of 8,326,775 shares of common stock to shareholders of record as of May 14, 2020. Subscription offers will now be accepted until 5:00 p.m. eastern daylight time on July 20, 2020.

Each shareholder as of May 14, 2020, is entitled to purchase three shares of common stock for every two shares owned on May 14, 2020. Shareholders are also entitled to oversubscribe. The offering price in the rights offering is $1.25 per share.

Registered shareholders of Waccamaw Bankshares common stock who wish to participate in the rights offering should submit a completed subscription offer form and payment to Waccamaw Bankshares, Inc., Attention: David A. Godwin, P.O. Box 2009, Whiteville, North Carolina 28472. Beneficial owners of shares that are registered in the name of a broker, dealer, custodian bank, or other nominee should instruct their broker, dealer, custodian, bank, or other nominee to exercise subscription rights on their behalf. Beneficial owners who wish to participate in the rights offering should contact their broker or other nominee as soon as possible; such nominees may establish a deadline that may be before the expiration date of the rights offering.

Read more:  http://www.bizjournals.com/prnewswire/press_releases/North_Carolina/2020/07/12/CL33839

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