secwatch.observer — SEC 8-K summary
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Issuer:     Seneca Bancorp, Inc. (SNNF)
CIK:        0002072421
Form:       8-K
Filed at:   2025-10-15T23:59:59+00:00
Accession:  0000943374-25-000436
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2072421/000094337425000436/0000943374-25-000436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2072421/000094337425000436/form8k_101525.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000436

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