Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Charter Financial (OTC:CHFN) Moving Up the Ladder to Nasdaq

|Includes: Charter Financial Corp. (CHFN)

Charter Financial Corp. (OTC:CHFN), the holding company for CharterBank, announced yesterday that it has concluded its stock offering pursuant to its Stock Issuance Plan. The Company will sell 4.4 million shares of common stock at $7.78 per share, for gross proceeds of approximately $34.2 million. Of the 4.4 million shares sold, approximately 1.1 million shares were sold in the Subscription and Community Offerings, and approximately 3.3 million shares were sold in the Syndicated Community Offering. All shares sold in the offering, including the Subscription Offering, the Community Offering and the Syndicated Community Offering, will be sold at $7.78 per share.

To view this article click on the link below

Disclosure: No positions