Attached files
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| EX-99.01 - EXHIBIT 99.01 - Carolina Trust BancShares, Inc. | s002271x1_ex99-01.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 14, 2018
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Carolina Trust BancShares, Inc.
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(Exact Name of Registrant as Specified in Charter)
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North Carolina
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000-55683
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81-2019652
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(State or Other Jurisdiction
of Incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
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901 East Main Street, Lincolnton, North Carolina
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28092
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s Telephone Number, Including Area Code: (704) 735-1104
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(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 8.01
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Other Events.
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On May 14, 2018, Carolina Trust BancShares, Inc. (the “Company”), the parent company of Carolina Trust Bank, issued a press release announcing that the underwriters of its previously announced follow-on public offering have exercised in part their option to purchase additional shares of the Company’s common stock. The underwriters purchased an additional 186,000 shares of the Company’s common stock, resulting in aggregate gross proceeds of approximately $1.5 million at a price to the public of $8.00 per share. After deducting the underwriting discount and estimated offering expenses, the Company expects to receive net proceeds of approximately $1.4 million, bringing the total net proceeds for the offering to approximately $18.5 million. The additional shares were delivered to the underwriters on May 14, 2018. A copy of the press release issued by the Company is attached hereto as Exhibit 99.01 and is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
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Exhibit No.
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Description
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Press Release issued on May 14, 2018
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CAROLINA TRUST BANCSHARES, INC.
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Date: May 14, 2018
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By:
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/s/ Edwin E. Laws
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Edwin E. Laws
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Executive Vice President and Chief Financial Officer
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