Seneca Bancorp completes conversion to public stock company; raises ~$10.4M

Seneca Bancorp, Inc.

Sold 1,044,858 shares at $10.00 per share for gross proceeds of ~$10.4M.
Exchange ratio of 0.9684 applied to existing Seneca Financial public stockholders.
Total shares outstanding after conversion: ~1,790,203 (before fractional adjustment).
Common stock expected to begin trading OTCQX under SNNF on Oct 16, 2025.
Bank's charter converted from federal savings association to national association.

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