Cascade Bancorp Fiels to Sell up to 44.54M Shares
Cascade Bancorp (NASDAQ: CACB) files S-1 statement:
"This prospectus relates to the resale of an aggregate of up to 44,540,054 shares of our common stock, of which 44,193,750 were issued to the selling stockholders in connection with an equity financing transaction in January 2011 (the “Private Offerings”). We are required to file this registration statement, of which this prospectus is a part, under the terms of a Registration Rights Agreement dated January 28, 2011 with the selling stockholders to register for resale the shares of common stock issued by the Company to certain investors in connection with the Private Offerings. "
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