other material
confidence high
sentiment neutral
materiality 0.50
PFS Bancorp IPO to close Oct 17; shares to trade on OTCQB from Oct 18
PFS Bancorp, Inc.
- IPO expected to close Oct 17, 2023; common stock to begin trading on OTCQB Oct 18.
- Offering of 1,725,000 shares at $10.00 per share; gross proceeds ~$17.3 million.
- Offering oversubscribed; allocations subject to purchase limitations and pro rata for community offering outside local area.
- ESOP to purchase 138,000 shares as part of the offering.
- Transfer agent to mail DRS statements and refund checks on/about Oct 18.