secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2026-07-17T18:13:10+00:00
Accession:  0001751783-26-000029
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp subscription offering oversubscribed; conversion closes July 21
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- Subscription offering oversubscribed in first tier by eligible depositors; no other priority group will have orders filled.
- Existing shareholders to receive 1.3978 new shares per old share; cash in lieu of fractional shares at $10.00/share.
- Post-transaction shares outstanding: 15,638,237, subject to fractional share adjustment.
- Employee stock ownership plan unable to purchase in offering; expected to buy up to 4% in open market post-closing.
- Conversion and offering expected to close July 21, 2026; shares to trade under RBKB symbol on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178326000029/0001751783-26-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178326000029/rbkb-20260717x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-26-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer