Carolina Financial Corp. completed the sale of 1.5 million common shares by the company and 96,350 shares by selling stockholders.
Total net proceeds from the offering to Carolina were approximately $63.1 million, after deducting estimated offering expenses payable by the company. The company did not receive any proceeds from the sale of shares by the selling stockholders.
Raymond James & Associates Inc. acted as the sole book-running manager for the offering.
