05:46 PM EDT, 05/16/2024 (MT Newswires) -- Shore Bancshares ( SHBI ) on Thursday filed a registration statement with the US Securities and Exchange Commission covering the potential sale of securities for up to $175 million from time to time in one or more offerings.

The filing covers common stock, preferred stock, depositary shares, debt securities, warrants and units.

The company plans to use the net proceeds from the sale of securities for general corporate purposes, including acquisitions, capital expenses, investments, repayment or refinancing of debt and borrowings.