other material
confidence high
sentiment positive
materiality 0.70
Mercer Bancorp completes IPO raising ~$9.7M; stock to trade on OTCQB
Mercer Bancorp, Inc.
- Effective July 26, 2023; 972,970 shares sold at $10 each, including 81,838 to ESOP.
- Gross proceeds of ~$9.7M; 50,000 shares contributed to Mercer Savings Charitable Foundation.
- Common stock to begin trading on OTCQB under symbol 'MSBB' on July 27, 2023.
- Performance Trust Capital Partners acted as selling agent; Luse Gorman as legal counsel.
- Transfer agent Pacific Stock Transfer to mail DRS book-entry statements by July 27.