secwatch.observer — SEC 8-K summary
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Issuer:     NB Bancorp, Inc. (NBBK)
CIK:        0001979330
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001104659-23-128325
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NB Bancorp expects conversion and IPO close Dec 27; 40.9975M shares at $10 on Nasdaq
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- Conversion and IPO close expected Dec 27, 2023; shares to trade on Nasdaq under "NBBK" on Dec 28.
- Offering oversubscribed; 40,997,500 shares sold at $10.00 per share.
- ESOP intends to purchase up to 8% of outstanding shares (3,416,458) in open market.
- Company to contribute 1,708,229 shares and $2.0M cash to Needham Bank Charitable Foundation.
- Subscription oversubscribed by first-tier priority depositors; other orders not filled.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1979330/000110465923128325/0001104659-23-128325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1979330/000110465923128325/tm2333547d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-128325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer