- Business First Bancshares ( NASDAQ: BFST ) on Wednesday announced an underwritten public stock offering for expected net proceeds of up to ~$46.75M.
- The offering would consist of 2.5M common shares at a public offering price of $20/share, BFST said in a statement .
- The company plans to use the proceeds from the offering for general corporate purposes.
- BFST expects the offering to close on or around Oct. 17.
- Business First Bancshares ( BFST ) stock -4.5% to $21 after hours.
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Business First Bancshares announces stock offering for expected proceeds of ~$47M