other material
confidence high
sentiment positive
materiality 0.60
Texas Community Bancshares expects IPO close July 14; 3.2M shares at $10, trading starts July 15
Texas Community Bancshares, Inc.
- IPO closing after market July 14; gross proceeds ~$32.1M from 3,207,759 shares at $10.00.
- Stock to begin trading on Nasdaq under 'TCBS' on July 15, 2021.
- Total shares outstanding post-IPO: 3,257,759 (including 50,000 contributed to foundation).
- Subscription offering not oversubscribed; all valid orders filled per prospectus limitations.
- Eric S. Anderson resigned as EVP-Commercial Lending and Director of Mineola Community Bank; no disagreement; replacement search underway.