Republic First Bancorp, Inc. announced that it has entered into a Securities Purchase Agreement with individual investors such as George E. Norcross, III, Gregory B. Braca, Philip A. Norcross, Alessandra T. Norcross and Alexander S. Norcross, pursuant to which the company agreed to sell 8,715,000 common shares at a purchase price of $0.05 per share for the gross proceeds of $435,750 and 691,285 shares of a newly-issued series of Series B convertible perpetual preferred stock, par value $0.01 per share, at a purchase price of $50 per share for the gross proceeds of $34,564,250; aggregate gross proceeds of $35,000,000 on October 27, 2023.
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5-day change | 1st Jan Change | ||
0.012 USD | -60.00% | -4.00% | -60.00% |
Apr. 26 | US regulators seize troubled lender Republic First, sell it to Fulton Bank | RE |
Apr. 26 | US regulators set to seize Republic First Bancorp, WSJ reports | RE |
1st Jan change | Capi. | |
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-60.00% | 851K | |
+13.75% | 556B | |
+12.36% | 298B | |
+8.64% | 247B | |
+21.72% | 210B | |
+16.11% | 170B | |
+6.88% | 162B | |
+4.42% | 153B | |
+0.10% | 139B | |
-11.67% | 138B |
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