8-K
filed June 27, 2025, 7:59 PM ET
ticker HNVR
CIK 0001828588
other material
confidence high
sentiment neutral
materiality 0.25
Hanover Bancorp, Inc. /MD (HNVR): M&A transaction — Hanover Bancorp completes reincorporation from New York to Maryland effective June 25, 2025
Hanover Bancorp, Inc. /MD
- Merger of NY corp into wholly owned MD subsidiary completed June 25; shares convert 1-for-1.
- Directors, officers unchanged; stock continues trading on Nasdaq under HNVR.
- Authorized capital remains 17M common + 15M preferred; 7.23M common shares outstanding.
- Reincorporation aims to reduce compliance costs and provide governance flexibility under Maryland law.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Hanover Bancorp, Inc. /MD: Adoption of Maryland Bylaws governing surviving corporation on effective date (effective 2025-06-25).
- Change
- bylaw amendment
- Effective
- 2025-06-25
Exact text from the filing
the rights of the registrant’s stockholders began to be governed by statutory corporate laws of Maryland, governed by the MGCL, the Articles of Incorporation and the Maryland Bylaws, adopted pursuant to the Merger Agreement.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Hanover Bancorp, Inc. /MD: Reincorporation merger from New York to Maryland, adopting new Articles of Incorporation and Bylaws under MGCL as of the effective date (effective 2025-06-25).
- Change
- charter amendment
- Effective
- 2025-06-25
Exact text from the filing
Effective as of June 25, 2025 (the “Effective Day”), Parent merged with and into the Company, with the Company being the surviving corporation and successor in interest to Parent.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.4
Hanover Bancorp, Inc. /MD underwent a change of control (closed 2025-06-25).
- Action
- change of control
- Closing
- 2025-06-25
Exact text from the filing
On June 25, 2025, Hanover Bancorp, Inc., a New York corporation (“Parent”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Hanover Bancorp, Inc., a Maryland corporation and Parent’s wholly owned subsidiary (the “Surviving Corporation” or the “Company”), pursuant to which, on the same date, Parent merged with and into the Surviving Corporation (the “Reincorporation Merger”).
View on SEC.gov
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