other material
confidence high
sentiment neutral
materiality 0.60
Winchester Bancorp Enters Agency Agreement with Raymond James for Stock Offering
Winchester Bancorp, Inc./MD/
- Raymond James to assist in marketing common stock in connection with mutual holding company reorganization.
- Success fee of 1.15% of aggregate shares sold, subject to minimum $400,000; management fee of $25,000.
- No fee for shares purchased by officers, trustees, employees, or immediate family, or for employee benefit plans.
- If syndicated community offering, fee of 6.00% of common stock sold in that offering.
- Raymond James also receives $25,000 records agent fee plus reimbursement for out-of-pocket expenses.