other material
confidence high
sentiment neutral
materiality 0.75
Marathon Bancorp begins stock offering in mutual-to-stock conversion
Marathon Bancorp, Inc. /MD/
- Offering up to 1,897,500 shares (increaseable to 2,182,125) at $10.00 per share.
- Minimum 1,402,500 shares must be sold; proceeds used for conversion from mutual holding company.
- Subscription offering to depositors and ESOP; community offering to residents of select Wisconsin counties.
- Shares expected to list on Nasdaq under 'MBBC'; offering managed by Janney Montgomery Scott.
- Subscription period runs Feb 24 through Mar 21, 2025; subject to regulatory and stockholder approvals.