BofI Holding to Offer 625,000 Shares of Common Stock
December 06 2011 - 7:38PM
Marketwired
BofI Holding, Inc. (NASDAQ: BOFI), parent of BofI Federal Bank,
announced that it has commenced a public offering of 625,000 shares
of its common stock. The Company intends to grant the underwriter
an option for 30 days to purchase up to 93,750 additional shares of
common stock.
Net proceeds from the offering will be used for general
corporate purposes and possible future acquisitions and growth
opportunities.
The shares are being offered pursuant to an effective
registration statement filed with the Securities and Exchange
Commission. B. Riley & Co., LLC will act as underwriter for the
offering.
The offering of shares of Company common stock may be made only
by means of a prospectus. A copy of the prospectus relating to the
offering will be filed with the Securities and Exchange Commission
and, when available, can be obtained from B. Riley & Co., LLC,
11100 Santa Monica, Blvd., Suite 800, Los Angeles, California
90025.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About BofI Holding, Inc. and BofI Federal
Bank
BofI Holding, Inc. is the holding company for BofI Federal Bank,
a nationwide branchless bank that provides financing for single and
multifamily residential properties, small-to-medium sized
businesses in target sectors, and selected specialty finance
receivables. With $2.1 billion in assets, the Bank provides
consumer and business banking products through its low cost
distribution channels. BofI Holding Inc.'s shares are listed on the
Nasdaq Global Select Market under the symbol "BOFI" and are a
component of the Russell 3000 Index.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including statements related to
BofI Holding's public offering of common stock and the completion
of the offering. These forward-looking statements are based upon
BofI's current expectations. Actual results and the timing of
events could differ materially from those anticipated in such
forward-looking statements as a result of risks and uncertainties,
which include, without limitation, risks and uncertainties
associated with market conditions and the satisfaction of customary
closing conditions related to the proposed offering and other risks
detailed in BofI's filings with the Securities and Exchange
Commission. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. There can be no assurance that BofI will complete
the offering of shares of common stock. All forward-looking
statements are qualified in their entirety by this cautionary
statement, and BofI undertakes no obligation to revise or update
any forward-looking statements to reflect events or circumstances
after the date of this press release.
Contact: BofI Holding, Inc. Gregory Garrabrants CEO 858/350-6203
Gregory.Garrabrants@bofifederalbank.com
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