secwatch.observer — SEC 8-K summary
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Issuer:     Avidbank Holdings, Inc. (AVBH)
CIK:        0001443575
Form:       8-K
Filed at:   2026-08-27T20:15:15+00:00
Accession:  0001437749-26-029104
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avidbank issues $30M subordinated notes; retires $22M of 2029 notes
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- $30M private placement of 7.00% fixed-to-floating subordinated notes due 2036; fixed for 5 yrs then 3-mo SOFR+291bps.
- Redeemable at Company option on/after 9/1/2031; qualifies as Tier 2 capital.
- Proceeds used to repurchase $18M of 5% 2029 notes at ~$18.2M incl. accrued interest; $4M redeemed 9/30/2026.
- Piper Sandler sole placement agent; notes sold in unregistered private placement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1443575/000143774926029104/0001437749-26-029104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1443575/000143774926029104/avbh20260429_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-029104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer