Business Context and Reporting Period
Company: MVB Financial Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: December 20, 2013
Principal Executive Offices: 301 Virginia Avenue, Fairmont, WV 26554-2777
Key Financial Metrics
This filing reports on a specific capital raising event rather than periodic financial performance. The following metrics are disclosed:
- Shares Sold: 230,032 shares of common stock
- Price Per Share: $32.00
- Total Proceeds: $7,361,024
- Transaction Date: As of December 16, 2013
- Underwriting Costs: None (No underwriter involved; no discounts or commissions)
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity positions.
Material Changes
The material change reported is the unregistered sale of equity securities under Section 4(2) of the Securities Act of 1933 and Rule 506(c) of Regulation D. All sales were made to accredited investors.
Guidance, Outlook, and Risks
Management Commentary: MVB Financial Corp. believes the offering satisfies all terms and conditions of Rule 506(c) of Regulation D.
Risks and Contingencies: The filing does not disclose specific risks, contingencies, or unusual items beyond the standard disclosure of the unregistered sale.
Investor Verification Checklist
- Verify the final closing of the $7,361,024 capital raise.
- Confirm the updated total share count and dilution impact on existing shareholders.
- Review subsequent filings (e.g., 10-K or 10-Q) to determine how the proceeds were utilized.
- Validate the accredited investor status of the purchasers as claimed by management.