ChoiceOne Financial Services Files 8-K

TL;DR

CHOICEONE FILES 8-K - NO SPECIFIC DETAILS YET

AI Summary

ChoiceOne Financial Services, Inc. filed an 8-K on July 26, 2024, reporting other events and financial statements. The filing does not contain specific financial figures or details about the 'other events' beyond its classification as a current report.

Why It Matters

This filing indicates a regulatory update from ChoiceOne Financial Services, Inc., but lacks specific details for investors to assess immediate impact.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report with no disclosed material events, financial data, or changes that would inherently increase risk.

Key Players & Entities

• CHOICEONE FINANCIAL SERVICES INC (company) — Registrant
• 109 E. Division Street Sparta, Michigan 49345 (location) — Principal Executive Offices
• July 26, 2024 (date) — Date of Report

FAQ

Filing Documents

• ny20032521x6_8k.htm (8-K) — 28KB
• ny20032521x6_ex99-1.htm (EX-99.1) — 11KB
• ny20032521x6_ex99-1img01.jpg (GRAPHIC) — 3KB
• 0001140361-24-034331.txt ( ) — 180KB
• cofs-20240726.xsd (EX-101.SCH) — 4KB
• cofs-20240726_lab.xml (EX-101.LAB) — 21KB
• cofs-20240726_pre.xml (EX-101.PRE) — 16KB
• ny20032521x6_8k_htm.xml (XML) — 4KB

01

Item 8.01 Other Events. As previously disclosed, on July 25, 2024, ChoiceOne Financial Services, Inc. (the "Company"), ChoiceOne Bank, the Company's wholly-owned subsidiary, and D.A. Davidson & Co. (the "Underwriter") entered into an Underwriting Agreement (the "Underwriting Agreement"), with respect to the issuance and sale (the "Offering") of 1,200,000 shares of Company common stock, no par value per share (the "Firm Shares"), and, at the Underwriter's option, an additional 180,000 shares of Company common stock, no par value per share, to cover over-allotments (the "Option Shares", and together with the Firm Shares, the "Shares"). On July 26, 2024, the Company completed the Offering of 1,380,000 Shares at a price of $ 25.00 per share, before underwriting discounts . D.A. Davidson & Co. acted as the sole book-running manager for the Offering. The Shares were offered under the Company's Registration Statement on Form S-3 (File No. 333-272337), dated and filed with the U.S. Securities and Exchange Commission (the "SEC") on June 1, 2023, and declared effective by the SEC on June 20, 2023 (the "Registration Statement"). A preliminary prospectus supplement to the Registration Statement in connection with the Offering was filed with the SEC on July 25, 2024, and a final prospectus supplement was filed on July 26 , 2024. The aggregate gross proceeds of the Offering were approximately $ 34.5 million. After deducting underwriting discounts and commissions and before deducting transaction expenses, the aggregate net proceeds to the Company were approximately $ 32.4 million. On July 26, 2024, the Company issued a press release announcing the closing of the Offering. A copy of such press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: 99.1 Press Release dated July 26, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: July 26, 2024 CHOICEONE FINANCIAL SERVICES, INC. (Registrant) By: /s/ Adom J. Greenland Adom J. Greenland Its Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR