Blue Foundry Bancorp: M&A transaction — Blue Foundry Bancorp completes merger with Fulton Financial; each share converted into 0.650 Fulton shares

Blue Foundry Bancorp

Each Blue Foundry share converted into 0.650 of a Fulton share; fractional shares paid in cash.
Outstanding options with exercise price below $20.99 received cash equal to difference; others cancelled for no value.
Approximately 12,435,599 Fulton shares issued to former Blue Foundry shareholders.
Blue Foundry common stock delisted from Nasdaq effective April 1, 2026.
All Blue Foundry directors ceased serving upon merger closing.

item 2.01 item 3.01 item 3.03 item 5.01 item 5.03 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Blue Foundry Bancorp: The Amended and Restated Certificate of Incorporation and Bylaws of Blue Foundry ceased to be in effect due to merger.

Change: charter amendment

Exact text from the filing

As a result of the Merger, at the Effective Time, Blue Foundry ceased to exist and the Amended and Restated Certificate of Incorporation and the Bylaws of Blue Foundry ceased to be in effect by operation of law.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Blue Foundry Bancorp underwent a change of control involving Fulton Financial Corporation for 0.650 of a share of common stock, $2.50 par value, of Fulton (closed 2026-04-01).

Action: change of control
Counterparty: Fulton Financial Corporation
Consideration: 0.650 of a share of common stock, $2.50 par value, of Fulton
Closing: 2026-04-01

Exact text from the filing

share of common stock, $0.01 par value, of Blue Foundry (“Blue Foundry Common Stock”) outstanding immediately prior to the Effective Time was converted into the right to receive 0.650 of a share of common stock, $2.50 par value, of Fulton (“Fulton Common Stock”) and cash in lieu of fractional shares of Fulton Common Stock (the “Merger Consideration”). In

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Source: SEC EDGAR

accession 0001193125-26-135897

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