secwatch.observer — SEC 8-K summary
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Issuer:     PFS Bancorp, Inc. (PFSB)
CIK:        0001967656
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0000943374-23-000410
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PFS Bancorp completes mutual-to-stock conversion and IPO, raises $17.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1967656/000094337423000410/0000943374-23-000410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1967656/000094337423000410/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000410

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