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Live Oak Bancshares Closes Depositary Share Offering, Nets $96.25 Million

PUBT·11/12/2026 22:19:56
Live Oak Bancshares Closes Depositary Share Offering, Nets $96.25 Million
  • Live Oak Bancshares closed an underwritten offering of 4,000,000 depositary shares, raising approximately $96.25 million net.
  • Each depositary share represents a 1/40th interest in its 8.75% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock.
  • The depositary shares have a liquidation preference of $25 each.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Live Oak Bancshares Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611121630PRIMZONEFULLFEED9876397) on November 12, 2026, and is solely responsible for the information contained therein.