Security Midwest Bancorp Completes Initial Public Offering
Security Midwest Bancorp (OTCQB:SBMW) has successfully completed its Initial Public Offering (IPO) as part of its conversion from a mutual to stock form organization. The company sold 889,781 shares at $10.00 per share, raising approximately $8.9 million in gross proceeds.
The offering included 62,285 shares sold to the Bank's Employee Stock Ownership Plan. Trading is expected to commence on the OTCQB Market around August 1, 2025. DRS Book-Entry statements and interest checks will be distributed to shareholders by Pacific Stock Transfer Company on or about the same date.
Security Midwest Bancorp (OTCQB:SBMW) ha completato con successo la sua Offerta Pubblica Iniziale (IPO) come parte della trasformazione da organizzazione mutualistica a societ脿 per azioni. La societ脿 ha venduto 889.781 azioni al prezzo di 10,00 $ per azione, raccogliendo circa 8,9 milioni di dollari di proventi lordi.
L'offerta ha incluso 62.285 azioni vendute al Piano di Stock Ownership per i dipendenti della banca. Si prevede che le negoziazioni inizieranno sul mercato OTCQB intorno al 1 agosto 2025. Le dichiarazioni DRS Book-Entry e gli assegni degli interessi saranno distribuiti agli azionisti dalla Pacific Stock Transfer Company circa nella stessa data.
Security Midwest Bancorp (OTCQB:SBMW) ha completado con 茅xito su Oferta P煤blica Inicial (OPI) como parte de su conversi贸n de una organizaci贸n mutual a una sociedad an贸nima. La compa帽铆a vendi贸 889,781 acciones a $10.00 por acci贸n, recaudando aproximadamente $8.9 millones en ingresos brutos.
La oferta incluy贸 62,285 acciones vendidas al Plan de Propiedad de Acciones para Empleados del banco. Se espera que la negociaci贸n comience en el mercado OTCQB alrededor del 1 de agosto de 2025. Las declaraciones DRS Book-Entry y los cheques de intereses ser谩n distribuidos a los accionistas por Pacific Stock Transfer Company aproximadamente en la misma fecha.
Security Midwest Bancorp (OTCQB:SBMW)電� 靸來樃臁绊暕鞐愳劀 欤检嫕須岇偓搿� 鞝勴櫂頃橂姅 瓿检爼鞚� 鞚柬櫂鞙茧 靹标车鞝侅溂搿� 旮办梾瓿店皽(IPO)毳� 鞕勲頄堨姷雼堧嫟. 須岇偓電� 889,781欤�毳� 欤茧嫻 10.00雼煬鞐� 韺愲Г頃橃棳 鞎� 890毵� 雼煬鞚� 齑� 靾橃澋鞚� 鞓牳鞀惦媹雼�.
鞚措矆 瓿惦鞐愲姅 鞚�頄� 歆侅洂 欤检嫕 靻岇湢 瓿勴殟鞐� 62,285欤�臧� 韽暔霅橃棃鞀惦媹雼�. 瓯半灅電� 2025雲� 8鞗� 1鞚�瓴� OTCQB 鞁滌灔鞐愳劀 鞁滌瀾霅� 鞓堨爼鞛呺媹雼�. DRS 攵侅棓韸鸽Μ 氇呾劯靹滌檧 鞚挫瀽 靾橅憸電� 臧欖潃 鞁滉赴瓴� Pacific Stock Transfer Company鞐愳劀 欤检＜霌れ棎瓴� 氚绊彫霅� 鞓堨爼鞛呺媹雼�.
Security Midwest Bancorp (OTCQB:SBMW) a r茅ussi son introduction en bourse (IPO) dans le cadre de sa transformation d'une organisation mutuelle en soci茅t茅 par actions. La soci茅t茅 a vendu 889 781 actions au prix de 10,00 $ par action, levant environ 8,9 millions de dollars de produits bruts.
L'offre comprenait 62 285 actions vendues au Plan d'actionnariat salari茅 de la banque. Le d茅but des 茅changes est pr茅vu sur le march茅 OTCQB aux alentours du 1er ao没t 2025. Les relev茅s DRS Book-Entry et les ch猫ques d鈥檌nt茅r锚ts seront distribu茅s aux actionnaires par Pacific Stock Transfer Company 脿 peu pr猫s 脿 la m锚me date.
Security Midwest Bancorp (OTCQB:SBMW) hat erfolgreich seinen B枚rsengang (IPO) im Rahmen der Umwandlung von einer Genossenschaft in eine Aktiengesellschaft abgeschlossen. Das Unternehmen verkaufte 889.781 Aktien zu je 10,00 $ und erzielte dabei Bruttoerl枚se von etwa 8,9 Millionen Dollar.
Das Angebot umfasste 62.285 Aktien, die an den Mitarbeiteraktienbesitzplan der Bank verkauft wurden. Der Handel soll voraussichtlich um den 1. August 2025 am OTCQB-Markt beginnen. DRS Book-Entry-Abrechnungen und Zinszahlungen werden den Aktion盲ren von der Pacific Stock Transfer Company etwa zum selben Zeitpunkt zugestellt.
- Successfully raised $8.9 million through IPO completion
- 100% of offered shares were sold, indicating strong demand
- Employee Stock Ownership Plan participation shows internal confidence
- Transition from mutual to stock form provides new growth opportunities
- Trading on OTCQB rather than major exchanges may limit institutional investor access
- Relatively small offering size may impact stock liquidity
The Company's common stock is expected to be quoted on the OTCQB Market operated by the OTC Markets Group beginning on or about August 1, 2025 (ticker symbol SBMW).
Persons wishing to confirm their stock orders may do so by contacting the Stock Information Center at (312) 521-1600, which is open between 9:00 a.m. and 4:00 p.m., Central time, Monday through Friday, except on bank holidays.
The Company's transfer agent, Pacific Stock Transfer Company, plans to mail Direct Registration System ("DRS") Book-Entry statements for the shares purchased in the offering, and interest checks, on or about August 1, 2025. Persons wishing to contact Pacific Stock Transfer Company may do so by phone at (702) 361-3033 or via email to [email protected].
Luse Gorman, PC served as legal counsel to the Company and the Bank.聽 Performance Trust Capital Partners, LLC acted as marketing agent for the Company in connection with the stock offering, and Silver, Freedman, Taff聽& Tiernan LLP served as legal counsel to Performance Trust Capital Partners, LLC.
Forward-Looking Statements Disclosures
This press release contains certain forward-looking statements about the conversion and stock offering.聽 Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts.聽 They often include words such as "plan," "expect," "anticipate," and "intend" or future or conditional verbs such as "would," "should," "could," "may" or words of similar import. 聽Forward-looking statements are subject to risks and uncertainties.聽 Certain factors that could cause actual results to differ materially from expected results include possible unforeseen delays in delivering DRS Book-Entry statements or interest checks and/or delays in the start of trading due to market disruptions or otherwise.
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SOURCE Security Midwest Bancorp, Inc.
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