FirstSun Capital Bancorp and HomeStreet, Inc. Amend Merger Agreement [Yahoo! Finance]
First National Corporation (FXNC)
NASDAQ:AMEX Investor Relations:
ir.fbvirginia.com
Company Research
Source: Yahoo! Finance
announced that they have mutually agreed to amend their definitive merger agreement that was entered into on January 16, 2024. The amendment provides for, among other things: an increase in FirstSun's total equity capital raised in connection with the merger of an additional $45 million to $60 million, resulting in an increase from an aggregate capital raise of $175 million to up to $235 million (as further discussed below); a revised exchange ratio pursuant to which HomeStreet shareholders will receive 0.3867 shares (revised from 0.4345 shares under the original merger agreement) of FirstSun common stock for each share of HomeStreet common stock, which represents a value of $13.53 per share (based on the closing price per share of FirstSun shares on April 29, 2024); a reduced termination fee payable by HomeStreet in certain circumstances if HomeStreet receives a competing acquisition proposal within 30 days after the effective date of the Amendment to $2,600,000, plus reimbur
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FXNC
Earnings
- 4/30/24 - Beat
FXNC
Analyst Actions
- 3/19/24 - TheStreet
FXNC
Sec Filings
- 5/20/24 - Form 4
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- FXNC's page on the SEC website