Bridgewater Bancshares, Inc. Announces Exercise and Closing of Over-Allotment for Depositary Shares Offering

Aug 20, 2021

Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced that the underwriters of its public offering of 2,400,000 depositary shares, each representing a 1/100th ownership interest in a share of 5.875% Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share (the “Series A Preferred Stock”), with a liquidation preference of $2,500 per share (equivalent to $25.00 per depositary share), have exercised in full their option to purchase 360,000 additional depositary shares to cover over-allotments. The additional shares were delivered to the underwriters on August 20, 2021.

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