---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-060141"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2022-05-13T23:59:59+00:00"
generated_at: "2026-06-25T17:03:31.203770+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp prices IPO at $21.00/share, raises $26.8M gross; closes on May 13

## Summary
- Priced 1,275,000 shares of common stock at $21.00 per share; gross proceeds ~$26.8 million.
- Net proceeds after underwriting discount and expenses expected to be ~$24.0 million.
- Underwriters granted a 30-day overallotment option to purchase up to 191,250 additional shares.
- Shares began trading on Nasdaq on May 11, 2022 under the symbol HNVR.
- Joint book-running managers: Stephens Inc. and Piper Sandler & Co.

## SEC filing metadata
- accession: 0001104659-22-060141
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2022-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000110465922060141/0001104659-22-060141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000110465922060141/tm2215466d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-060141
- JSON: https://secwatch.observer/filing/0001104659-22-060141.json
- Plain text: https://secwatch.observer/filing/0001104659-22-060141.txt

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