secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001193125-25-164439
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America issues 100,000 shares of 6.250% Series UU Preferred Stock, raising $2.5B via depositary shares
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- Issued 100,000 shares of 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU, liquidation preference $25,000 per share.
- Sold 2,500,000 Depositary Shares (each representing 1/25th interest) for total proceeds of $2.5 billion.
- Certificate of Designations restricts dividends on common and junior/parity preferred if Series UU dividends are not fully paid.
- Offering closed July 24, 2025; underwriting agreement dated July 21, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000119312525164439/0001193125-25-164439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000119312525164439/d29097d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-164439

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