secwatch.observer — SEC 8-K summary
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Issuer:     NSTS Bancorp, Inc. (NSTS)
CIK:        0001881592
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0000897101-21-000937
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NSTS Bancorp enters Agency Agreement with KBW for stock offering in conversion
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881592/000089710121000937/0000897101-21-000937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881592/000089710121000937/nsts211106s4_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-21-000937

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