Business Context and Reporting Period
Company: Western Alliance Bancorporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 20, 2009
Event: Completion of a public offering of common stock.
Key Financial Metrics
This filing reports on a specific capital raising event rather than periodic operating results. The filing text does not provide revenue, profit, cash flow, margins, or debt figures for the reporting period.
- Funds Raised: Approximately $200 million.
- Shares Issued: 33,440,700 shares of common stock.
- Over-Allotment: Included 4,240,700 shares pursuant to the underwriters' over-allotment option.
Material Changes
The primary material change is the increase in equity capital resulting from the issuance of 33,440,700 shares. This transaction was part of a previously announced public offering.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard legal opinions regarding the validity of the securities. The event is qualified by reference to a press release dated May 20, 2009 (Exhibit 99.1).
Investor Verification Checklist
- Verify the final share price per share to confirm the total proceeds of approximately $200 million.
- Review the attached press release (Exhibit 99.1) for details on the use of proceeds.
- Confirm the impact of the 33,440,700 new shares on existing shareholder dilution.
- Check subsequent filings for the updated capital structure and liquidity position post-offering.