Main Street Inc. of Atlanta announced Monday that it has filed a prospectus to sell an additional 1.5 million shares in a common stock offering.
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In its filing with the Securities and Exchange Commission, the $2.3 billion-asset company said it would use the proceeds "to increase the capital at the bank, to pursue growth opportunities and for general corporate purposes, including to finance possible acquisitions."
Main Street has 20 million shares outstanding and about 1,700 shareholders. Directors and officers own about 30% of the shares.
