secwatch.observer — SEC 8-K summary
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Issuer:     Mercer Bancorp, Inc. (MSBB)
CIK:        0001967306
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001104659-23-061766
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercer Bancorp engages Performance Trust for stock offering in mutual-to-stock conversion
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- Agency Agreement with Performance Trust Capital Partners for best-efforts marketing of common stock in conversion.
- Performance Trust receives $25,000 management fee and selling agent fee of greater of $250,000 or 1.0% of aggregate purchase price (excluding certain shares).
- Legal fee reimbursement up to $100,000; other expenses up to $10,000 ($20,000 if resolicitation).
- Stock information center manager fee of $30,000 (possible $10,000 increase for delays) plus up to $25,000 expense reimbursement.
- Syndicated community offering fee of 5.0% of aggregate shares sold by Performance Trust or other broker-dealers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1967306/000110465923061766/0001104659-23-061766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1967306/000110465923061766/tm2315138d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061766

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