other material
confidence high
sentiment neutral
materiality 0.50
Gouverneur Bancorp receives all regulatory approvals for mutual-to-stock conversion, expects closing Oct 31
Gouverneur Bancorp, Inc./MD/
- Expects to sell 723,068 shares at $10.00 per share; existing public holders get 0.5334 new shares per old share.
- Common stock to begin trading on OTCQB under ticker "GOVB" on November 1, 2023.
- Approximately 1,107,178 shares expected outstanding after conversion before fractional adjustment.
- ESOP will purchase 57,845 shares as part of the offering.