Atlantic Coast Financial Corp (fka ACFC)

[vpagano]

$42 Million but we still don't know at what price. I would think it would be accretive but still reasonable so as that over-allotment gets filled.

Something interesting I just thought of as I saw this quote from the prospectus:

Excludes up to $15.0 million to be purchased by certain of our officers, directors, insiders and existing shareholders pursuant to a directed share program, for which the underwriting discounts and commissions will be one percent (1%). See “Underwriting — Directed Share Program.”

$15MM to that group alone potentially vs. a current market cap of $8.67MM.