Bridgewater Bancshares Inc. (BWB) Prices 2.4M Depositary Share Offering
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Bridgewater Bancshares, Inc. Announces Pricing of $60.0 Million Depositary Shares Offering
August 11, 2021 7:16 PM EDTST. LOUIS PARK, Minn.--(BUSINESS WIRE)-- Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced the pricing of its underwritten public offering of 2,400,000 depositary shares, each representing a 1/100th ownership interest in a share of 5.875% Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share (the Series A Preferred Stock), with a liquidation preference of $2,500 per share (equivalent to $25.00 per depositary share) for gross proceeds of $60.0 million. Bridgewater also granted the underwriters a 30-day option to purchase up to 360,000 additional depositary shares. Bridgewater intends to use the net... More
