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Stock impact report

Live Oak Bancshares, Inc. Announces Proposed Public Offering of Voting Common Stock

Live Oak Bancshares, Inc. (LOB) 
Last live oak bancshares, inc. earnings: 4/22 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.liveoakbank.com
Company Research Source: GlobeNewswire
WILMINGTON, N.C., Aug. 08, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”), parent company and registered bank holding company of Live Oak Banking Company (the “Bank”), today announced that it has commenced an underwritten offering of approximately 4,500,000 shares of its voting common stock pursuant to its existing shelf registration statement. The Company also intends to grant to the underwriters a 30-day option to purchase up to an additional 15% of the shares of voting common stock sold in the public offering. The Company intends to use the net proceeds from the offering to make investments in the Bank and in its nonbank subsidiaries, to enhance its capital position and that of the Bank, and for general corporate purposes. Goldman Sachs & Co. LLC is acting as the sole book-running manager for the offering.  Sandler O’Neill & Partners, L.P and SunTrust Robinson Humphrey, Inc. are acting as co-managers. The securities described above Show less Read more
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