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Shore Bancshares files $75 million shelf for stock, debt, preferreds
By Devika Patel
Knoxville, Tenn., June 25 - Shore Bancshares, Inc. filed a $75 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers common stock, preferred stock, debt securities, warrants and units.
The securities may be structured as convertibles.
Proceeds will be used for acquisitions, capital expenditures, debt repayment, working capital and other general corporate purposes.
Based in Easton, Md., Shore Bancshares is a financial holding company.
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