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Carolina Financial closes common stock offering

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.