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Tuesday, 01/31/2017 4:26:58 PM

Tuesday, January 31, 2017 4:26:58 PM

Post# of 52
Item 8.01 Other Events.

On January 30, 2017, SmartFinancial, Inc. (the “ Company ”) completed its previously announced public offering of 2,010,084 shares of its common stock, par value $1.00 per share, conducted pursuant to an Underwriting Agreement (the “ Underwriting Agreement ”), dated January 24, 2017, by and among the Company, Raymond James & Associates, Inc., as representative of the underwriters (the “ Underwriters ”), and certain selling shareholders of the Company. The offering included the sale of 1,840,000 shares, inclusive of 240,000 shares sold to the Underwriters upon their exercise of the over-allotment option set forth in the Underwriting Agreement. The offering also included 170,084 shares of common stock sold by certain shareholders of the Company. The net proceeds of the offering to the Company, after deducting the underwriting discount and estimated offering expenses payable by the Company, were approximately $33,223,353. The net proceeds to the selling shareholders were approximately $3,274,117, less applicable strike prices on shares obtained in connection with option exercises immediately prior to closing.

In connection with this offering, the Company agreed to pay the underwriting discount for all shares sold by certain selling shareholders. Additionally, the Underwriters agreed to reimburse the Company for up to $200,000 of its offering-related expenses.
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