Stock Movers on Equity Offerings (FLIC, WBNK, BMTI, MBR)

The First of Long Island Corporation (NASDAQ:FLIC) fell 4% to $24.66 after the company said it is planning to offer and sell up to $30 million of common stock in an underwritten public offering.

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The First of Long Island Corporation is a bank holding company. It provides financial services through its wholly owned subsidiary, The First National Bank of Long Island (the Bank).

Waccamaw Bankshares, Inc. (NASDAQ:WBNK) fell 4.73% to $1.61 after the company said that it is extending the subscription deadline for its rights offering of 8,326,775 shares of common stock to shareholders of record as of May 14, 2010.

Waccamaw Bankshares, Inc. serves as a bank holding company for Waccamaw Bank (the Bank). The Bank serves Columbus County, North Carolina and surrounding areas through three banking offices, Brunswick County through seven banking offices.

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BioMimetic Therapeutics, Inc. (NASDAQ:BMTI) plunged 8.30% to $10.07 after announced today a public offering of 5 million shares of its common stock.

BioMimetic Therapeutics, Inc. is a biotechnology company, which develops and commercializes products to help stimulate the body’s natural tissue regenerative process. Its platform regenerative technology, which incorporates a potent version of one of the body’s natural key stimulators of tissue repair.

Mercantile Bancorp, Inc. (AMEX:MBR) announced it has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission (SEC) to register Units comprised of shares of the Company's common stock and warrants to acquire the Company's common stock.

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