Copyright © 2020, SNL Financial
By Arra Francia
Southern National Bancorp of Virginia Inc. filed a shelf registration statement for the sale of up to $75 million of various securities that it may offer from time to time.
The filing covers common stock, preferred stock, senior debt securities, subordinated debt securities, depositary shares, purchase contracts, units, warrants and rights.
The company intends to use the net proceeds from the sales of the securities as set forth in the applicable prospectus supplement. It will not receive any proceeds from the resale of shares of common stock by selling shareholders.