Here are the 424B prospectus supplements from Hawthorn Bancshars Inc. (HWBK) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow HWBK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HWBK filings page.
Hawthorn Bancshares, Inc. (HBI) is combining with FSC Bancshares, Inc. (FBI) through a two-step merger in which FBI will become a wholly owned subsidiary of HBI and then merge into HBI, followed by the merger of Farmers State Bank into Hawthorn Bank. Each share of FBI common stock will be converted into a mix of $14,000,000 aggregate cash consideration (allocated per share), 413,101 HBI shares allocated pro rata, and cash in lieu of fractional HBI shares, all subject to a tangible equity adjustment tied to FBI’s $19,000,000 minimum adjusted shareholders’ equity. The maximum stock issuance is 413,101 HBI shares, about 5.6% of the combined company’s stock. Based on HBI share prices, the aggregate merger value is illustrated at about $28.3 million and $29.9 million on two reference dates, assuming no downward adjustments. FBI shareholders must approve the merger agreement by at least two‑thirds of outstanding shares; insiders holding about 37.97% have agreed to vote in favor. FBI shareholders have dissenters’ rights under Missouri law. Both parties expect the transaction to qualify as a tax‑free reorganization for stock consideration, with gain or loss generally recognized only on cash received.