---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-091657"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2021-07-13T23:59:59+00:00"
generated_at: "2026-06-30T05:50:15.956912+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NorthEast Community Bancorp completes second-step conversion, raises $97.8M

## Summary
- Sold 9,784,077 shares at $10.00/share for gross proceeds of $97.8 million.
- Total shares outstanding post-conversion: 16,378,201; public shares exchanged at 1.3400 ratio.
- Common stock to trade on Nasdaq under symbol NECB starting July 13, 2021.
- Piper Sandler & Co. served as marketing agent for the offering.
- Cash in lieu of fractional shares will be paid at $10.00 per share.

## SEC filing metadata
- accession: 0001104659-21-091657
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2021-07-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465921091657/0001104659-21-091657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465921091657/tm2122129d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-091657
- JSON: https://secwatch.observer/filing/0001104659-21-091657.json
- Plain text: https://secwatch.observer/filing/0001104659-21-091657.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.