These warrants were part of an issue of warrants to acquire shares of common stock granted in 2004 in connection with the founding and initial capitalization of the Bank. In total, holders exercised warrants to acquire an aggregate of 47,068 shares of common stock, resulting in
The warrants exercised by the Board and management represented 100% of the warrants held by them as a group.
Howard Bancorp’s stock price closed on
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OCTOBER 30, 2014
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