secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001462120-25-000058
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Live Oak Bancshares prices $100M depositary share offering of 8.375% preferred stock
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- Offers 4,000,000 depositary shares at $25 each, representing 1/40th interest in Series A preferred stock.
- Dividend rate of 8.375% per annum, payable quarterly starting September 15, 2025.
- Net proceeds to support balance sheet growth at Live Oak Banking Company and enhance capital position.
- Underwriters include Morgan Stanley, RBC Capital Markets, UBS Securities, and Keefe, Bruyette & Woods.
- Offering expected to close on or about August 4, 2025; shares to list on NYSE under symbol 'LOB PR A'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000058/0001462120-25-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000058/lob-20250728.htm
  HTML page:      https://secwatch.observer/filing/0001462120-25-000058

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