Carolina Financial Corporation (NasdaqCM:CARO) is seeking acquisitions. Carolina has closed an underwritten public offering of 1.81 million shares of its common stock, including 0.24 million shares sold pursuant to the underwriters' exercise in full of their option to purchase additional shares, at a price to the public of $28 per share. The net proceeds to the company after deducting underwriting discounts and commissions and estimated offering expenses payable by the company, were approximately $47.7 million. Carolina intends to use the net proceeds from the offering to support organic and acquisitive growth and for general corporate purposes, which may include contributing a portion of the proceeds to CresCom Bank as additional capital.