Bridgewater Bancshares, Inc. Files Universal Shelf Registration Statement

Company Release - 3/27/2019 4:02 PM ET

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- Bridgewater Bancshares, Inc. (“Bridgewater”) (NASDAQ: BWB), the holding company for Bridgewater Bank, today announced that it has filed a universal shelf registration statement with the Securities and Exchange Commission (“SEC”). The registration statement is intended to provide Bridgewater with efficient access to the capital markets and increased financial flexibility.

Once the shelf registration statement has been declared effective by the SEC, Bridgewater may from time to time issue up to $100 million of various types of securities covered by the registration statement, including common stock, preferred stock, debt securities, warrants, depositary shares, subscription rights, stock purchase contracts, and stock purchase units. Currently, Bridgewater has no specific plans to issue any securities under the registration statement. The specifics of any future offering, along with the prices and terms of any such securities offered by Bridgewater, will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed in connection with such offering.

Jerry Baack, Chairman, President, and Chief Executive Officer of Bridgewater, commented, “We consider this registration statement to be a proactive step to facilitate our future ability to raise capital to support our organic growth and to fund potential acquisitions.”

The shelf registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities under the registration statement may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offering of the securities covered by the shelf registration statement will be made solely by means of a prospectus and, if required, an accompanying prospectus supplement relating to that offering. A copy of the prospectus included in the registration statement may be obtained on the SEC's website at or from Bridgewater’s investor relations website.

About Bridgewater Bancshares, Inc.

Bridgewater Bancshares, Inc. is the holding company for Bridgewater Bank, a full-service commercial bank formed in 2005 to serve the diverse needs of commercial real estate investors, small business entrepreneurs and high-net-worth individuals. Bridgewater Bank has seven locations serving clients across the Minneapolis-St. Paul-Bloomington metropolitan statistical area in Minnesota and offers a full array of simple, quality loan and deposit products, primarily for commercial clients. As of December 31, 2018, Bridgewater had total assets of approximately $1.97 billion, total gross loans of $1.66 billion, total deposits of $1.56 billion and total shareholders’ equity of $221.0 million.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Bridgewater. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Bridgewater with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact:
Jerry Baack
Chief Executive Officer

Source: Bridgewater Bancshares, Inc.