secwatch.observer — SEC 8-K summary
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Issuer:     NorthEast Community Bancorp, Inc./MD/ (NECB)
CIK:        0001847398
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001104659-21-091657
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847398/000110465921091657/0001104659-21-091657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847398/000110465921091657/tm2122129d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-091657

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