secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0000943374-24-000502
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000094337424000502/0000943374-24-000502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000094337424000502/form8k_121924.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000502

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