Berkshire Hills completes $100M private placement at $29.00/share in conjunction with Brookline merger

Beacon Financial Corp

Completed sale of 3,448,275 shares at $29.00 per share for total $100M to institutional accredited investors on Dec 19, 2024.
Placement priced at 3.97% discount to Dec 13 closing price of $30.20 (market discount for Regulation D offering).
Securities issued under Section 4(2)/Rule 506 exemption; registration rights agreement filed with SEC.
Capital raise supports pending all-stock merger with Brookline Bancorp valued at ~$1.1B ($12.68 per share).

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