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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. The Company anticipates consummating the stock offering on September 29, 2010. The Company also expects that shares of its common stock will begin trading on the NASDAQ Capital Market under the symbol CHFN on September 29, 2010, and will no longer be quoted on the OTC Bulletin Board. Stock certificates will be mailed as soon as possible after the completion of the offering. All subscribers in the subscription and community offerings who properly completed and timely submitted a stock order form will be allocated...more
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