secwatch.observer — SEC 8-K summary
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Issuer:     Lake Shore Bancorp, Inc. /MD/ (LSBK)
CIK:        0002059653
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0000950170-25-096983
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lake Shore Bancorp closes conversion, raises $49.5M in stock offering
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- Sold 4,950,460 shares at $10.00 per share for gross proceeds of $49.5M.
- Existing public shareholders received 1.3549 new shares per old share; cash for fractional shares.
- Approximately 7,825,877 shares outstanding after conversion.
- Common stock to begin trading on Nasdaq under symbol LSBK on July 21, 2025.
- Bank converted from federal savings to New York chartered commercial bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2059653/000095017025096983/0000950170-25-096983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2059653/000095017025096983/lsbk-20250718.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-096983

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