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Quotes & Info
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| MCBC > SEC Filings for MCBC > Form 8-K on 10-Jun-2009 | All Recent SEC Filings |
10-Jun-2009
Unregistered Sale of Equity Securities
On June 5, 2009, Macatawa Bank Corporation issued 312,500 shares of its common stock for an aggregate offering price of $1,000,000 in cash ($3.20 per common share). The common stock was offered and sold in reliance upon the exemptions for sales of securities not involving a public offering, as set forth in Section 4(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder. The Company received an appropriate representation as to the accredited investor status (as defined in Rule 501 of Regulation D) of each person purchasing the common stock, no offers or sales were effected through any general solicitation or general advertising within the meaning of Rule 502(c) of Regulation D, and the Company received appropriate representations that the shares were acquired for investment purposes and not with a view to distribution. The shares that were sold have not been registered under the Securities Act of 1933, as amended, and may not be sold in the United States absent registration or an applicable exemption from the registration requirements.
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