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OLBK > SEC Filings for OLBK > Form 8-K on 16-Sep-2013All Recent SEC Filings

Show all filings for OLD LINE BANCSHARES INC



Unregistered Sale of Equity Securities, Financial Statements and Exhibits

Item 3.02 Unregistered Sales of Equity Securities.

As outlined below, on September 13, 2013, Old Line Bancshares, Inc. (the "Company") sold 925,079 shares of its common stock, par value $0.01 per share, at a purchase price of $13.00 per share or an aggregate of $12,026,027, to certain institutional and other accredited investors who participated in its private placement. There were no underwriting discounts or commissions paid in connection with the sale of the common stock, which was made pursuant to subscription agreements, a form of which is attached as Exhibit 99.1 hereto.

The offer and sale of the Company's common stock in the private placement was exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") pursuant to Section 4(a)(2) of, and Rule 506 of Regulation D under, the Securities Act. Each investor represented to the Company that they met the criteria of an "accredited investor" as defined in Rule 501 of Regulation D under the Securities Act.

Item 9.01 Financial Statements and Exhibits.

99.1 Form of Subscription Agreement
99.2 Press release announcing completion of private placement dated September 16, 2013

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