secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Bancorp, Inc. (MGNO)
CIK:        0002033615
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0000927089-25-000020
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Bancorp gets final regulatory OK; OTCQB listing set for Jan 15
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- Final regulatory approvals received; conversion and IPO expected to close Jan 14, 2025.
- Offering 833,750 shares at $10.00/share for gross proceeds of ~$8.3M; oversubscribed.
- Common stock to be quoted on OTCQB under symbol 'MGNO' starting Jan 15, 2025.
- Transfer agent to mail DRS statements and refund checks on or about Jan 15, 2025.
- Keefe, Bruyette & Woods acted as selling agent and financial advisor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033615/000092708925000020/0000927089-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033615/000092708925000020/mban20250109_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-25-000020

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