Business Context and Reporting Period
Company: Western Alliance Bancorporation
Filing Type: Form 8-K (Current Report)
Date of Report: August 24, 2010
Event Date: August 19, 2010
Context: The Company entered into an underwriting agreement for a public offering of common stock.
Key Financial Metrics
This filing is a current report regarding a corporate event and does not contain periodic financial statements. Consequently, specific values for revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes and Corporate Actions
- Public Offering: Entered into an underwriting agreement with Keefe, Bruyette & Woods, Inc. for the public offering of 7,000,000 shares of common stock (par value $0.0001 per share).
- Over-Allotment Option: Granted the underwriter an option, exercisable for 30 days, to purchase up to an additional 1,050,000 shares to cover over-allotments.
- Legal Opinion: An opinion and consent regarding the validity of the shares was filed by Jones Vargas.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors related to the offering beyond the standard execution of the underwriting agreement.
Investor Verification Checklist
- Verify the final number of shares sold, including whether the 1,050,000 share over-allotment option was exercised.
- Review the Prospectus Supplement dated August 19, 2010, for the offering price per share and total capital raised.
- Confirm the use of proceeds from the offering as detailed in the Prospectus Supplement.
- Check subsequent filings for the closing date of the transaction.