secwatch.observer — SEC 8-K summary
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Issuer:     Avidia Bancorp, Inc. (AVBC)
CIK:        0002058758
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0000943374-25-000352
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avidia Bancorp closes IPO in mutual-to-stock conversion; gross proceeds $191.8M
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- Sold 19,176,250 shares at $10.00; gross proceeds ~$191.8M.
- 900,000 additional shares contributed to Avidia Bank Charitable Foundation.
- Total shares outstanding post-closing: 20,076,250.
- Listing on NYSE under AVBC expected to begin August 1, 2025.
- Subscription offering oversubscribed; refunds being processed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2058758/000094337425000352/0000943374-25-000352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2058758/000094337425000352/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000352

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