News Column

SUNSHINE BANCORP, INC. FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

July 14, 2014



Item 8.01Other Events

On July 14, 2014, Sunshine Bancorp, Inc. (the "Company"), the holding company for Sunshine State Bank (the "Bank"), announced that it completed its initial public stock offering and the mutual-to-stock conversion of the Bank. The shares of the Company's common stock are expected to begin trading on the Nasdaq Capital Market on July 15, 2014 under the ticker symbol "SBCP."

The Company sold 4,232,000 shares of common stock, including 338,560 shares to the employee stock ownership plan, at $10.00 per share for gross offering proceeds of $42.3 million. The offering was oversubscribed in the first category of the subscription offering by eligible account holders with aggregate balances of at least $50 as of the close of business on September 30, 2012. Certificates reflecting the shares purchased in the offering and refund checks for any subscribers not receiving all or part of shares ordered are expected to be mailed no later than July 15, 2014. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits Exhibit No. Description

99.1 Press Release dated July 14, 2014



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters