secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Bancorp, Inc. (MGNO)
CIK:        0002033615
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0000927089-25-000024
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnolia Bancorp completes mutual-to-stock conversion, raises $8.3M in IPO
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- Sold 833,750 shares at $10.00/share, including 66,700 to ESOP, for ~$8.3M gross proceeds.
- Offering oversubscribed; valid subscription and local community orders fully filled.
- Common stock expected to trade on OTCQB under ticker MGNO starting January 15, 2025.
- Keefe, Bruyette & Woods acted as selling agent and financial advisor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2033615/000092708925000024/0000927089-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2033615/000092708925000024/mban20250113_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-25-000024

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