secwatch.observer — SEC 8-K summary
======================================

Issuer:     Avidbank Holdings, Inc. (AVBH)
CIK:        0001443575
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001829126-25-006211
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Avidbank completes IPO of 3M shares at $23, raising ~$62.2M net
---------------------------------------------------------------

- Closed IPO of 2,610,000 shares at $23.00/share on August 11, 2025.
- Underwriters exercised overallotment in full, buying 391,500 shares at $21.4475.
- Total shares sold: 3,001,500; net proceeds after expenses ~$62.2 million.
- Piper Sandler and Stephens acted as representatives of the underwriters.
- IPO priced at $23.00, with overallotment option exercised within 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1443575/000182912625006211/0001829126-25-006211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1443575/000182912625006211/avidbankholdings_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-006211

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