{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-005831","form_type":"8-K","ticker":"HNVR","cik":"0001828588","company_name":"Hanover Bancorp, Inc. /MD","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.469739+00:00","generated_at":"2026-06-03T06:40:17.973079+00:00","sec_items":["1.01","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hanover Bancorp issues 125K Series A Preferred to Castle Creek in exchange for common shares","bullets":["Castle Creek exchanges 125,000 common shares for 125,000 new Series A Convertible Perpetual Preferred shares; authorized shares increased to 450,000.","The exchange allows Castle Creek to purchase additional common shares without exceeding the 9.9% regulatory voting ownership limit.","After exchange, Castle Creek holds 515,750 common + 275,000 Series A Preferred; board/observer rights trigger if aggregate exceeds 865,000 shares.","Company retains right of first offer on any transfer of Series A Preferred shares by Castle Creek."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-005831","json":"https://secwatch.observer/filing/0001558370-24-005831.json","markdown":"https://secwatch.observer/filing/0001558370-24-005831.md","text":"https://secwatch.observer/filing/0001558370-24-005831.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828588/000155837024005831/0001558370-24-005831-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828588/000155837024005831/hnvr-20240425x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:40:17.973079+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"394ab13c27318282c86d81bb245ac1b32d069c82","claim":"Hanover Bancorp, Inc. /MD: Increased authorized shares of Series A Convertible Perpetual Preferred Stock from 150,000 to 450,000 (effective 2024-04-25).","evidence_excerpt":"the Company agreed to: (i) file with the Secretary of State of the State of New York a Certificate of Amendment to the Company’s Certificate of Incorporation (the “Amendment”) increasing the number of authorized shares of the Company’s Series A Convertible Perpetual Preferred Stock (“Series A Preferred Stock”) from 150,000, par value $0.01 per share, to 450,000, par value $0.01 per share","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828588/000155837024005831/0001558370-24-005831-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-04-25"}],"fact_type":"governance_change"},{"claim_id":"2d3d5c2a2b8fd9b5bdce5efbcb60f0b0f2edeaec","claim":"Hanover Bancorp, Inc. /MD entered into Exchange Agreement with Castle Creek Capital Partners VIII, L.P. (effective 2024-04-25).","evidence_excerpt":"On April 25, 2024, Hanover Bancorp, Inc. (the “Company”) entered into an Exchange Agreement (the “Exchange Agreement”) with Castle Creek Capital Partners VIII, L.P. (“Castle Creek”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828588/000155837024005831/0001558370-24-005831-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Castle Creek Capital Partners VIII, L.P."},{"label":"Effective","value":"2024-04-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}