Shares of Common Stock eligible for purchase(1) | Exercise Price of Warrants | Gross Proceeds from Sale of Warrants | ||||||||
SBAV | 352,444 | $ | 6.26 | $ | 44,055 | |||||
Carpenter Funds | 408,834 | $ | 6.26 | $ | 51,105 | |||||
(1) | The warrants are contingent and only exercisable to the extent that we complete an acquisition prior to April 23, 2016 of a bank with assets of at least $250 million. |