other material
confidence high
sentiment positive
materiality 0.55
Marathon Bancorp expects conversion & Nasdaq listing to close April 21-22
Marathon Bancorp, Inc. /MD/
- Conversion of Marathon MHC from mutual to stock form closes after April 21, 2025.
- Company expects to sell 1,693,411 shares at $10.00 each, including 135,472 shares for ESOP.
- After conversion, ~2,942,064 shares outstanding; exchange ratio 1.3728-to-one for existing public holders.
- Common stock begins trading on Nasdaq under 'MBBC' on April 22, 2025.
- Continental Stock Transfer to mail book-entry statements and cash in lieu of fractional shares around April 22.