other material
confidence high
sentiment neutral
materiality 0.50
NSTS Bancorp enters Agency Agreement with KBW for stock offering in conversion
NSTS Bancorp, Inc.
- KBW will assist in marketing common stock during plan of conversion; sole manager for any syndicated community offering.
- KBW receives $25k management fee (credited against success fees); success fees: 1% subscription, 1.5% community, up to 6% syndicated.
- Expense reimbursement up to $130k-$155k; records agent fee $30k, $10k earned and paid already.
- Prospectus dated November 10, 2021; offering under Form S-1 (Registration No. 333-259483).