Filing Details

Accession Number:
0001193125-23-266266
Form Type:
13D Filing
Publication Date:
2023-10-29 20:00:00
Filed By:
Norcross George E Iii
Company:
Republic First Bancorp Inc (NASDAQ:FRBK)
Filing Date:
2023-10-30
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
George E. Norcross, III 746,122 0 746,122 0 746,122 1.1%
Philip A. Norcross 497,000 0 497,000 0 497,000 0.7%
Gregory B. Braca 511,659 0 511,659 0 511,659 0.7%
Alessandra T. Norcross 2,614,781 0 2,614,781 0 2,614,781 3.7%
Alexander S. Norcross 2,614,781 0 2,614,781 0 2,614,781 3.7%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13D/A

(Rule 13d-101)

Information to be Included in Statements Filed Pursuant to § 240.13d-1(a) and Amendments Thereto Filed Pursuant to § 240.13d-2(a)

Under the Securities Exchange Act of 1934

(Amendment No. 41)*

Republic First Bancorp, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

760416107

(CUSIP Number)

George E. Norcross, III

218 Royal Palm Way, Suite 200

Palm Beach, Florida 33480

(561) 500-4600

With a Copy to:

H. Rodgin Cohen

Mitchell S. Eitel

Sullivan & Cromwell LLP

125 Broad Street

New York, NY 10004

212-558-4000

(Name, address and telephone number of person authorized to receive notices and communications)

October 27, 2023

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 760416107    SCHEDULE 13D   

 

 1   

 Names of Reporting Persons

 

 George E. Norcross, III

 2  

 Check the Appropriate Box If a Member of a Group (See Instructions)

 a. ☒  b. ☐

 

 3  

 SEC Use Only

 

 4  

 Source of Funds (See Instructions)

 

 PF

 5  

 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

 ☐

 6  

 Citizenship or Place of Organization

 

 United States of America

Number of

Shares  Beneficially 

Owned By

Each

Reporting

Person

With

 

    7   

 Sole Voting Power

 

 746,122

    8  

 Shared Voting Power

 

 0

    9  

 Sole Dispositive Power

 

 746,122

   10  

 Shared Dispositive Power

 

 0

11   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 746,122 (1)

12  

 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

 ☐

13  

 Percent of Class Represented By Amount in Row (11)

 

 1.1%(2)

14  

 Type of Reporting Person (See Instructions)

 

 IN

 

(1)

The Reporting Person is reporting on this Schedule 13D as a member of a group with the other Reporting Persons. The group beneficially owns 6,984,343 shares of Common Stock owned by all of the Reporting Persons in the aggregate, representing approximately 9.95% of the outstanding shares of Common Stock. See Item 5 of this Schedule 13D.

(2)

For purposes of calculating beneficial ownership percentages in this statement on Schedule 13D, the total number of shares of Common Stock outstanding as of August 3, 2023 is 70,183,407, as reported by the Issuer in its Current Report on Form 8-K, filed with the SEC on August 7, 2023.


CUSIP No. 760416107    SCHEDULE 13D   

 

 1   

 Names of Reporting Persons

 

 Philip A. Norcross

 2  

 Check the Appropriate Box If a Member of a Group (See Instructions)

 a. ☒  b. ☐

 

 3  

 SEC Use Only

 

 4  

 Source of Funds (See Instructions)

 

 PF

 5  

 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

 ☐

 6  

 Citizenship or Place of Organization

 

 United States of America

Number of

Shares  Beneficially 

Owned By

Each

Reporting

Person

With

 

    7   

 Sole Voting Power

 

 497,000

    8  

 Shared Voting Power

 

 0

    9  

 Sole Dispositive Power

 

 497,000

   10  

 Shared Dispositive Power

 

 0

11   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 497,000(1)

12  

 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

 ☐

13  

 Percent of Class Represented By Amount in Row (11)

 

 0.7%(2)

14  

 Type of Reporting Person (See Instructions)

 

 IN


CUSIP No. 760416107    SCHEDULE 13D   

 

 1   

 Names of Reporting Persons

 

 Gregory B. Braca

 2  

 Check the Appropriate Box If a Member of a Group (See Instructions)

 a. ☒  b. ☐

 

 3  

 SEC Use Only

 

 4  

 Source of Funds (See Instructions)

 

 PF

 5  

 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

 ☐

 6  

 Citizenship or Place of Organization

 

 United States of America

Number of

Shares  Beneficially 

Owned By

Each

Reporting

Person

With

 

    7   

 Sole Voting Power

 

 511,659

    8  

 Shared Voting Power

 

 0

    9  

 Sole Dispositive Power

 

 511,659

   10  

 Shared Dispositive Power

 

 0

11   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 511,659(1)

12  

 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

 ☐

13  

 Percent of Class Represented By Amount in Row (11)

 

 0.7%(2)

14  

 Type of Reporting Person (See Instructions)

 

 IN


CUSIP No. 760416107    SCHEDULE 13D   

 

 1   

 Names of Reporting Persons

 

 Alessandra T. Norcross

 2  

 Check the Appropriate Box If a Member of a Group (See Instructions)

 a. ☒  b. ☐

 

 3  

 SEC Use Only

 

 4  

 Source of Funds (See Instructions)

 

 PF

 5  

 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

 ☐

 6  

 Citizenship or Place of Organization

 

 United States of America

Number of

Shares  Beneficially 

Owned By

Each

Reporting

Person

With

 

    7   

 Sole Voting Power

 

 2,614,781

    8  

 Shared Voting Power

 

 0

    9  

 Sole Dispositive Power

 

 2,614,781

   10  

 Shared Dispositive Power

 

 0

11   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 2,614,781(1)

12  

 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

 ☐

13  

 Percent of Class Represented By Amount in Row (11)

 

 3.7%(2)

14  

 Type of Reporting Person (See Instructions)

 

 IN


CUSIP No. 760416107    SCHEDULE 13D   

 

 1   

 Names of Reporting Persons

 

 Alexander S. Norcross

 2  

 Check the Appropriate Box If a Member of a Group (See Instructions)

 a. ☒  b. ☐

 

 3  

 SEC Use Only

 

 4  

 Source of Funds (See Instructions)

 

 PF

 5  

 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

 ☐

 6  

 Citizenship or Place of Organization

 

 United States of America

Number of

Shares  Beneficially 

Owned By

Each

Reporting

Person

With

 

    7   

 Sole Voting Power

 

 2,614,781

    8  

 Shared Voting Power

 

 0

    9  

 Sole Dispositive Power

 

 2,614,781

   10  

 Shared Dispositive Power

 

 0

11   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 2,614,781(1)

12  

 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

 ☐

13  

 Percent of Class Represented By Amount in Row (11)

 

 3.7%(2)

14  

 Type of Reporting Person (See Instructions)

 

 IN


This Amendment No. 41 (Amendment No. 41) amends the statement on Schedule 13D filed with the Securities and Exchange Commission (the SEC) on January 31, 2022, as amended prior to the date of this Amendment No. 41 (the Original Schedule 13D) as specifically set forth herein (as so amended, the Schedule 13D). Except as provided herein, each Item of the Original Schedule 13D remains unchanged.

 

Item 4.

Purpose of the Transaction.

Item 4 of the Original Schedule 13D is hereby amended to add the following immediately prior to the last paragraph of this item:

On October 27, 2023, the Reporting Persons and Republic First Bancorp, Inc. announced they had entered into a Securities Purchase Agreement, pursuant to which the Reporting Persons have agreed to acquire an aggregate of $35 million of shares of the Companys common stock and shares of a newly-issued series of Series B convertible preferred stock of the Company, subject to regulatory approval and other conditions. A copy of the press release is attached hereto as Exhibit 7(q).

 

Item 7.

Material to be Filed as Exhibits.

Item 7 of the Original Schedule 13D is hereby amended to add the following exhibit:

 

Exhibit

Number

  Description
7(q)   Press Release, dated October 27, 2023

SIGNATURES

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: October 30, 2023

 

George E. Norcross, III
By:  

/s/ George E. Norcross, III

Phillip A. Norcross
By:  

/s/ Philip A. Norcross

Gregory B. Braca
By:  

/s/ Gregory B. Braca

Alessandra T. Norcross
By:  

/s/ Alessandra T. Norcross

Alexander S. Norcross
By:  

/s/ Alexander S. Norcross