Silvergate Capital (SI) Launches $400M Share Offering
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/25/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- Grand Canyon Education places CFO on leave amid stock trade probe
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Funds sell $44bn in semiconductors on AI concerns
- RUM Group signs $13.7 billion GPU services deal, issues warrants
Silvergate Launches Public Offering of Class A Common Stock
December 6, 2021 4:05 PM ESTLA JOLLA, Calif.--(BUSINESS WIRE)-- Silvergate Capital Corporation (NYSE: SI) (Silvergate or the Company) announced today the launch of an underwritten public offering of $400 million of shares of Class A common stock. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional $60 million of shares of Class A common stock.
The Company intends to use the net proceeds from the proposed offering to further supplement the regulatory capital levels of the Company and its wholly-owned subsidiary, Silvergate Bank (the Bank), and for other general corporate purposes, which... More
