other material
confidence high
sentiment neutral
materiality 0.50
First Seacoast Bancorp hires KBW for stock offering in mutual-to-stock conversion
First Seacoast Bancorp, Inc.
- KBW receives 1.0% success fee on subscription offering and 1.5% on community offering, min $300k.
- KBW also gets $30k management fee, $35k conversion agent fee, plus expenses.
- If syndicated community offering, KBW gets up to 6.0% transaction fee on shares sold.
- Offering under effective S-1 registration statement declared effective Nov 14, 2022.