secwatch.observer — SEC 8-K summary
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Issuer:     NorthEast Community Bancorp, Inc./MD/ (NECB)
CIK:        0001847398
Form:       8-K
Filed at:   2021-07-12T23:59:59+00:00
Accession:  0001104659-21-091147
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847398/000110465921091147/0001104659-21-091147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847398/000110465921091147/tm2121993d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-091147

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