OREANDA-NEWS. Bankwell Financial Group, Inc. (NASDAQ:BWFG), the holding company for Bankwell Bank, announced today the closing of its Warrants offering. The Warrants, capital instruments that were issued prior to the Company’s initial public offering, were exercisable by holders from October 5, 2015 to December 5, 2015. 945,789 Warrants were available to purchase up to 304,639 shares of common stock at $14.00 per share for a maximum offering of $4,264,946. As a result of the offering, 838,369 Warrants were exercised for 269,992 shares of common stock for total gross proceeds of $3,779,888. There are no longer any outstanding Warrants following the close of this offering.

Bankwell is a commercial bank that serves the banking and lending needs of residents and businesses throughout Fairfield and New Haven Counties, Connecticut.