NorthEast Community Bancorp second-step conversion offering; 9.78M shares at $10, Nasdaq listing July 13

NorthEast Community Bancorp, Inc./MD/

Subscription offering sold 9,784,077 shares at $10.00 per share; ESOP to buy 782,726 shares.
Existing public shares converted at ratio of 1.34 Company shares per Mid-Tier Holding Company share.
Total shares outstanding expected to be 16,378,201 upon closing on July 12, 2021.
Common stock to trade on Nasdaq under 'NECB' starting July 13, 2021, from OTC Pink.
Conversion approved by shareholders and MHC members; Mid-Tier Holding Company and MHC will cease.

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