Mackinac Financial slips after starting common stock offering [Seeking Alpha]
Mackinac Financial Corporation (MFNC)
Last mackinac financial corporation earnings: 1/29 09:00 am
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US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=1019295
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Source: Seeking Alpha
Mackinac Financial slips after starting common stock offeringMackinac Financial (NASDAQ:MFNC), the holding company for mBank,-1.3% after starting a public offering of common stock; it didn't say how many shares it plans to offer.The company plans to use part of the net proceeds to fund part of its acquisition of Lincoln Community Bank, to pay down certain debt obligations, and to use the rest for general corporate purposes, including potential future acquisitions.MFNC expects greenshoe option for up to added 15% of common shares sold in the offering.Sole book-running manager: Piper Jaffray; co-manager: Hovde Group.Source:Press ReleasePreviously:Mackinac Financial to acquire Lincoln Community Bank (June 8)Click to subscribe to real-time analytics on MFNCNow read:Griffin Industrial total portfolio 94% leased at end of FQ2 »
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