secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001462120-25-000063
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

Live Oak Bancshares closes $100M preferred stock offering, net proceeds ~$96.15M
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- Issued 4M depositary shares representing Series A 8.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock.
- Aggregate liquidation preference of $100M ($25 per depositary share).
- Net proceeds of approximately $96.15M after underwriting discounts and estimated expenses.
- Joint book-running managers: Morgan Stanley, RBC, UBS, and Keefe, Bruyette & Woods.
- Depositary shares listed on NYSE under symbol 'LOB PR A'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000063/0001462120-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000063/lob-20250731.htm
  HTML page:      https://secwatch.observer/filing/0001462120-25-000063

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