RBB Bancorp (NASDAQ:RBB) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
The information set forth in the Introductory Note is incorporated by reference herein.
On July25, 2017, in connection with the pricing of the IPO, the Company and its wholly-owned subsidiary, Royal Business Bank, entered into an underwriting agreement (the “Underwriting Agreement”) with Sandler O’Neill& Partners, L.P., as representative (the “Representatives”) of the several underwriters listed on Schedule I thereto (the “Underwriters”), to which the Company agreed to issue and sell 2,857,756shares of Common Stock and selling shareholders agreed to sell 892,244 shares of Common Stock owned by them, at a public offering price of $23.00per share. The Underwriters were granted a 30-day option to purchase up to an additional 562,500shares of Common Stock. The Company made certain customary representations and warranties, agreed to certain covenants and agreed to indemnify the Underwriters against (or contribute to the payment of) certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).
In connection with the IPO, the Company and each of the Company’s directors and executive officers, and the selling shareholders have entered into 180-day “lock-up” agreements with respect to the sale of shares of Common Stock, subject to customary exceptions.
The description of the Underwriting Agreement does not purport to be a complete description of such agreement and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is attached hereto as Exhibit 1.1 and incorporated by reference herein.
Item 1.01 Other Events
The information set forth in the Introductory Note is incorporated by reference herein.
On July26, 2017, the Company issued a press release in connection with the pricing of the IPO. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 1.01. Financial Statements and Exhibits
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Exhibit No. |
Description |
| 1.1 | Underwriting Agreement, dated as of July25, 2017, by and among RBB Bancorp, Royal Business Bank, the selling shareholders named therein and Sandler O’Neill & Partners, L.P. as representatives of the several underwriters listed on Schedule I thereto. |
| 99.1 | Press Release of RBB Bancorp, issued July26, 2017. |
RBB Bancorp ExhibitEX-1.1 2 d421647dex11.htm EXHIBIT 1.1 Exhibit 1.1 Exhibit 1.1 EXECUTION COPY 3,…To view the full exhibit click here
About RBB Bancorp (NASDAQ:RBB)
RBB Bancorp, located in Los Angeles, California, is a bank holding company. It provides business banking services through its Royal Business Bank subsidiary. The company was founded in 2011. RBB Bancorp (NASDAQ:RBB) Recent Trading Information
RBB Bancorp (NASDAQ:RBB) closed its last trading session up +0.35 at 23.35 with shares trading hands.