secwatch.observer — SEC 8-K summary
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Issuer:     Fifth District Bancorp, Inc. (FDSB)
CIK:        0002012726
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000943374-24-000336
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fifth District Bancorp IPO to close July 31; shares to trade on Nasdaq Aug 1 under FDSB
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- Mutual-to-stock conversion and IPO expected to close July 31, 2024, after regulatory approvals and member vote.
- Company will sell 5,459,473 shares at $10.00 each for gross proceeds of ~$54.6 million, including 444,758 ESOP shares.
- 100,000 shares issued to Fifth District Community Foundation; total outstanding shares will be 5,559,473.
- Trading on Nasdaq Capital Market under symbol FDSB to begin August 1, 2024.
- Subscription and community offerings closed June 18 and July 8; all valid orders filled per prospectus limits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012726/000094337424000336/0000943374-24-000336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012726/000094337424000336/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000336

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