other material
confidence high
sentiment positive
materiality 0.85
PFS Bancorp completes mutual-to-stock conversion and IPO, raises $17.3M
PFS Bancorp, Inc.
- Completed conversion from mutual to stock form, IPO effective Oct 17, 2023.
- Sold 1,725,000 shares at $10.00/share, gross proceeds ~$17.3M.
- Includes 138,000 shares sold to the Bank's ESOP.
- Common stock expected to trade on OTCQB under 'PFSB' starting Oct 18, 2023.
- Offering was oversubscribed; valid orders filled per prospectus limitations.