secwatch.observer — SEC 8-K summary
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Issuer:     SR Bancorp, Inc. (SRBK)
CIK:        0001951276
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0000943374-23-000388
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SR Bancorp completes $90.6M IPO and merger with Regal Bancorp; shares trade on Nasdaq
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- Sold 9,055,172 shares at $10.00 each in IPO, raising ~$90.6M; 760,364 shares to ESOP.
- Merger with Regal Bancorp closed; each Regal share converted to $23 cash; Regal Bank merged into Somerset Regal Bank.
- Total common shares outstanding post-closing: 9,507,930; stock begins trading on Nasdaq under SRBK on Sept 20.
- Added three former Regal directors (Lebovitz, Lupo, Orbach) to boards; Orbach named Executive Chairman.
- Contributed 452,758 shares and $905,517 cash to Somerset Regal Charitable Foundation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951276/000094337423000388/0000943374-23-000388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951276/000094337423000388/form8k_092023good.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000388

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