Followers | 293 |
Posts | 4644 |
Boards Moderated | 0 |
Alias Born | 10/12/2008 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, April 07, 2014 10:09:43 PM
The prospectus details the companies that are to sell their already owned FNB United shares of common stock. This includes Waterstone.
The number of shares related to a TARP warrant in the offering is 22,072 shares of stock at an exercise price of $16.00 per share.
History
In February 2009, the US Treasury was issued the warrant by FNB United as part of a Recapitalization plan. FNB issued preferred stock and a warrant, or the TARP Warrant, to the Treasury under the Capital Purchase Program (CPP) that infused $51.5 million into FNB. The TARP (CPP) warrant was to purchase 2,207,143 shares of FNB's common stock at an initial per share
exercise price of $3.50.
On October 21, 2011, Treasury completed the exchange of all FNB United Corp. preferred stock and warrants held by Treasury for 108,555,303 shares of FNB United common stock along with an amended and restated warrant. After a one-for-one hundred reverse stock split the common shares amount became 1,085,553.03 shares. The warrant shares amounted to 22,072 shares with an adjusted the exercise price of $16.00 per share.
Sources:
http://www.sec.gov/Archives/edgar/data/764811/000076481114000012/cob-20131231x10k.htm
http://www.treasury.gov/initiatives/financial-stability/reports/Documents/August%202012%20Monthly%20Report.pdf.
FEATURED Mawson Finland Provides Update on Exploration Activities at Rajapalot • Aug 21, 2024 9:06 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM
Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM