secwatch.observer — SEC 8-K summary
======================================

Issuer:     Orange County Bancorp, Inc. /DE/ (OBT)
CIK:        0001754226
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001104659-25-056255
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OBT prices 1.72M share offering at $23.25, expects ~$37.5M net proceeds
-----------------------------------------------------------------------

- Priced 1,720,430 shares of common stock at $23.25 per share for gross proceeds of ~$40.0M.
- Underwriters have a 30-day option to purchase up to an additional 258,064 shares.
- Estimated net proceeds of ~$37.5M after discounts and expenses; use includes bank growth and potential acquisitions.
- Offering expected to close June 5, 2025; Piper Sandler and Stephens are joint book-runners.
- Stock trades on Nasdaq under ticker OBT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754226/000110465925056255/0001104659-25-056255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754226/000110465925056255/tm2517119d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-056255

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