Bridgewater Bancshares, Inc. Announces Closing of $60.0 Million Depositary Shares Offering

Aug 17, 2021

Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced the closing of its underwritten 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). Bridgewater also granted the underwriters a 30-day option to purchase up to 360,000 additional depositary shares. The depositary shares will be listed on the Nasdaq Capital Market under the symbol “BWBBP” and are expected to begin trading within 30 days.

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