Hanover Bancorp closes overallotment option, issues 191,250 shares at $21.00

Hanover Bancorp, Inc. /MD

Underwriters fully exercised overallotment for 191,250 shares at $21.00 per share.
Gross proceeds from overallotment ~$4.0M; net proceeds ~$3.8M after discounts and expenses.
Total shares issued in offering now 1,466,250 (initial IPO of 1,275,000 plus overallotment).
Overallotment closed June 6, 2022; stock trades on Nasdaq under HNVR.

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