---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-044860"
form_type: "8-K"
ticker: "LNKB"
cik: "0001756701"
company_name: "LINKBANCORP, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:12:43.469868+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LINKBANCORP to acquire Partners Bancorp in stock-for-stock merger; raises $10M in private placement

## Summary
- Partners shareholders receive 1.150 LINK shares per share; deal valued at ~$6.5M termination fee.
- LINK issued 1,282,052 shares at $7.80/share in private placement, grossing $10M.
- Post-merger board set at 22 directors: 12 from LINK, 10 from Partners; Partners chairman to become vice chairman then chairman in Sept 2024.
- Employment agreements entered with four Partners executives, including CEO John W. Breda.
- LINK and Partners executives amended employment to exclude transaction from change-in-control triggers.

## SEC filing metadata
- accession: 0001193125-23-044860
- form_type: 8-K
- ticker: LNKB
- cik: 0001756701
- company_name: LINKBANCORP, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756701/000119312523044860/0001193125-23-044860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756701/000119312523044860/d474545d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-044860
- JSON: https://secwatch.observer/filing/0001193125-23-044860.json
- Plain text: https://secwatch.observer/filing/0001193125-23-044860.txt

## Key facts
- Material Agreements
  LINKBANCORP, Inc. entered into Agreement and Plan of Merger with Partners Bancorp (effective 2023-02-22).
  - Action: entry
  - Agreement: merger
  - Counterparty: Partners Bancorp
  - Effective: 2023-02-22
  source text: On February 22, 2023, LINKBANCORP, Inc., a Pennsylvania corporation (“LINK”), and Partners Bancorp, a Maryland corporation (“Partners”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1756701/000119312523044860/0001193125-23-044860-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.