---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-24-000502"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:30:05.646046+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000943374-24-000502
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000094337424000502/0000943374-24-000502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000094337424000502/form8k_121924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-24-000502
- JSON: https://secwatch.observer/filing/0000943374-24-000502.json
- Plain text: https://secwatch.observer/filing/0000943374-24-000502.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.