secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001193125-25-103911
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America issues $3B of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO
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- Issued 120,000 shares of Series OO Preferred Stock, liquidation preference $25,000 per share.
- Sold 3,000,000 Depositary Shares (each representing 1/25th interest in Series OO), raising ~$3B.
- Dividend rate: 6.625% fixed-rate reset; non-cumulative; terms include dividend stopper restrictions.
- Depositary shares sold under prospectus supplement dated April 24, 2025; underwriting agreement filed.
- Proceeds not specified; expected for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000119312525103911/0001193125-25-103911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000119312525103911/d561572d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-103911

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