Seneca Financial closes conversion, raises $10.4M in stock offering

Seneca Bancorp, Inc.

Gross proceeds of $10.4M from 1,044,858 shares at $10.00 per share (midpoint).
Closing expected Oct 15, 2025; stock to trade on OTCQX (SNNF) starting Oct 16.
Existing public stockholders exchange at 0.9684 ratio; ~1.79M shares outstanding.
ESOP purchased 83,588 shares as part of the offering.
All valid stock orders filled in full; DRS statements mailed on/about Oct 16.

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