other_material
confidence high
sentiment positive
materiality 0.65
PSB Financial stock offering oversubscribed; conversion closes May 21, OTCQB listing May 22
PSB Financial, Inc.
- Subscription offering expired April 21, 2026, oversubscribed in the first priority category by eligible account holders.
- Company expects to sell 1,719,250 shares at $10.00 per share, including 137,540 shares to the ESOP.
- Only first-priority orders filled; other subscribers will receive refunds with interest after closing.
- Closing expected on May 21, 2026; common stock to be quoted on OTCQB Market starting May 22, 2026.
- Continental Stock Transfer will mail DRS book-entry statements and refund checks on or about May 21.
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