secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001193125-24-224128
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYCB exchanges 127,955 Series B preferred shares for 42.65M common shares with Liberty 77 and Hudson Bay
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- Liberty exchanged 114,355 Series B shares for 38,118,329 common shares; Hudson Bay exchanged 13,600 Series B shares for 4,533,331 common shares.
- After the exchange, Liberty holds no Series B shares; Hudson Bay holds 750 Series B shares convertible into ~249,999 common shares.
- Common shares outstanding post-exchange: 415,261,212; the transaction was completed on Sept 23, 2024.
- The Series B shares exchanged were originally issued in NYCB's ~$1.05B capital raise in March 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000119312524224128/0001193125-24-224128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000119312524224128/d816575d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-224128

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