SEC Filing Summary: Southern National Bancorp of Virginia, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed on November 4, 2009, by Southern National Bancorp of Virginia, Inc. (the "Company"). The filing serves to disclose a material event under Regulation FD (Item 7.01) regarding the closing of a public offering of common stock.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the capital raise event.
- Capital Raised Event: Closing of a public offering of 4,791,665 shares of common stock.
- Offering Date: November 4, 2009.
Material Changes
The primary material change reported is the increase in outstanding common shares resulting from the closing of the public offering. The filing incorporates a press release (Exhibit 99.1) containing further details on the transaction, but the 8-K text itself does not quantify the total proceeds or the price per share.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard legal disclaimers. The information furnished in Item 7.01 is explicitly stated not to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into other documents unless expressly stated.
Investor Verification Checklist
- Verify the price per share and total gross proceeds of the offering by reviewing the attached Press Release (Exhibit 99.1), as these figures are not in the 8-K text.
- Confirm the underwriting arrangements and any selling restrictions associated with the 4,791,665 shares issued.
- Review the Company's most recent 10-K or 10-Q to assess the impact of this equity issuance on shareholder dilution and capital adequacy ratios.