Avidbank has filed a notice of an exempt offering of securities to raise $30 Million in New Funding.

According to filings with the U.S. Securities and Exchange Commission, Avidbank is raising up to $30,000,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.

About Avidbank
Our goal at Avidbank is to advance our clients success by offering innovative financial solutions and service. Our experienced people create long-term relationships by providing an individualized banking experience based on mutual effort, ingenuity and trust. We specialize in commercial & industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, construction and commercial real estate lending. Avidbank provides a different approach to banking. .

To learn more, visit https://www.avidbank.com/
LinkedIn: https://www.linkedin.com/company/avidbank/

Contact:
Patrick Oakes, Chief Financial Officer

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