other material
confidence high
sentiment positive
materiality 0.85
NSTS Bancorp receives final regulatory OK for conversion; shares to list on Nasdaq Jan 19
NSTS Bancorp, Inc.
- All regulatory approvals received; conversion closing expected Jan 18, 2022.
- Stock offering of 5,290,000 shares at $10.00/share for gross proceeds of ~$52.9M.
- Common stock to trade on Nasdaq Capital Market under ticker NSTS starting Jan 19, 2022.
- Offering over-subscribed in third tier; first-tier subscribers and ESOP filled in full.
- Total shares outstanding after closing estimated at 5,397,959, including 107,959 shares for charitable foundation.