Hanmi Financial Corp: Key Developments
Hanmi Financial Corporation Files Form S-3 Shelf Registration Statement
November 19, 2009 |
| Hanmi Financial Corporation announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission. When declared effective by the SEC, the shelf registration statement will allow the Company to raise capital from time to time, up to an aggregate of $200 million, through the sale of common and preferred stock, debt securities, rights, warrants, depository shares and units. Terms and prices, as well as use of proceeds, will be determined at the time of each offering and will be disclosed in a separate prospectus supplement to be filed with the SEC at the time of the offering. |
Hanmi Financial Corporation Extends Closing Of Securities Purchase Agreement
August 3, 2009 |
| Hanmi Financial Corporation, holding company of Hanmi Bank, announced that the purchase of securities by a Korean investor, previously expected to close by July 31, is now expected to be completed by September 30. As announced in a June 15, 2009 press release, on June 12, 2009 Hanmi Financial Corp. entered into a definitive agreement with Leading Investment & Securities Co., Ltd., a Korean securities broker-dealer, whereby Leading committed to invest up to $11 million in common equity capital in Hanmi. As stated in the June 15 press release, Hanmi is also in active negotiations relating to a larger equity capital infusion. IWL Partners, a Korean private equity fund and an affiliate of Leading, recently completed due diligence of Hanmi. |
Hanmi Financial Corporation Enters Into Definitive Agreement To Raise Capital From Korean Investor
June 15, 2009 |
| Hanmi Financial Corporation announced that it has entered into a definitive securities purchase agreement, effective as of June 12, 2009, with Leading Investment & Securities Co., Ltd., a Korean securities broker-dealer (Leading), whereby Leading has committed to invest up to $11 million of common equity capital into Hanmi Financial Corporation, which is the maximum allowed without seeking U.S. regulatory approval. Pursuant to the terms of the definitive agreement, Leading will initially invest approximately $6.9 million in the purchase of approximately 5.0 million shares of newly issued common stock, representing a purchase price of approximately $1.37 per share, giving Leading 9.9% of the total outstanding common stock of Hanmi. Upon receipt of certain regulatory consents, the initial investment will be followed by an additional investment of approximately $4.1 million for the purchase of approximately 3.0 million shares of newly issued common stock, also representing a purchase price of approximately $1.37 per share, giving Leading in aggregate 14.9% of the total outstanding common stock of Hanmi. These investments are expected to be completed by July 31, 2009. Hanmi is also in active negotiations with certain Korean institutional investors relating to a larger equity capital infusion. These Korean institutional investors are conducting due diligence of Hanmi. |
Hanmi Financial Corporation To Suspend Cash Dividend
August 29, 2008 |
| Hanmi Financial Corporation announced that its Board of Directors has decided to suspend the quarterly cash dividend previously paid on shares of its common stock. The most recent quarterly dividend of $0.03 per share was paid on July 21, 2008. |
Hanmi Financial Corporation Declares $0.03 Quarterly Cash Dividend
June 26, 2008 |
| Hanmi Financial Corporation announced that its Board of Directors has declared a common stock cash dividend of $0.03 per share payable on or about July 21, 2008 to shareholders of record on July 7, 2008. |
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