secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0000706863-25-000064
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares enters $40M ATM equity distribution agreement with Piper Sandler
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- May sell up to $40M in common stock at the market through Piper Sandler; commission is 3% of gross proceeds.
- Proceeds for general corporate purposes: capital for Union Bank, debt repayment, and strategic acquisitions.
- Sales may be made in at-the-market offerings or privately negotiated transactions; no minimum sales obligation.
- Shares issued under existing shelf registration (333-285164) effective March 18, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000064/0000706863-25-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000064/unb-20250520.htm
  HTML page:      https://secwatch.observer/filing/0000706863-25-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer