Security Midwest Bancorp Completes Initial Public Offering
Security Midwest Bancorp (OTCQB:SBMW) has successfully completed its Initial Public Offering (IPO) as part of its conversion from a mutual to stock form organization. The company sold 889,781 shares at $10.00 per share, raising approximately $8.9 million in gross proceeds.
The offering included 62,285 shares sold to the Bank's Employee Stock Ownership Plan. Trading is expected to commence on the OTCQB Market around August 1, 2025. DRS Book-Entry statements and interest checks will be distributed to shareholders by Pacific Stock Transfer Company on or about the same date.
Security Midwest Bancorp (OTCQB:SBMW) ha completato con successo la sua Offerta Pubblica Iniziale (IPO) come parte della trasformazione da organizzazione mutualistica a società per azioni. La società ha venduto 889.781 azioni al prezzo di 10,00 $ per azione, raccogliendo circa 8,9 milioni di dollari di proventi lordi.
L'offerta ha incluso 62.285 azioni vendute al Piano di Stock Ownership per i dipendenti della banca. Si prevede che le negoziazioni inizieranno sul mercato OTCQB intorno al 1 agosto 2025. Le dichiarazioni DRS Book-Entry e gli assegni degli interessi saranno distribuiti agli azionisti dalla Pacific Stock Transfer Company circa nella stessa data.
Security Midwest Bancorp (OTCQB:SBMW) ha completado con éxito su Oferta Pública Inicial (OPI) como parte de su conversión de una organización mutual a una sociedad anónima. La compañía vendió 889,781 acciones a $10.00 por acción, recaudando aproximadamente $8.9 millones en ingresos brutos.
La oferta incluyó 62,285 acciones vendidas al Plan de Propiedad de Acciones para Empleados del banco. Se espera que la negociación comience en el mercado OTCQB alrededor del 1 de agosto de 2025. Las declaraciones DRS Book-Entry y los cheques de intereses serán distribuidos a los accionistas por Pacific Stock Transfer Company aproximadamente en la misma fecha.
Security Midwest Bancorp (OTCQB:SBMW)는 상호조합에서 주식회사로 전환하는 과정의 일환으로 성공적으로 기업공개(IPO)를 완료했습니다. 회사는 889,781주를 주당 10.00달러에 판매하여 약 890만 달러의 총 수익을 올렸습니다.
이번 공모에는 은행 직원 주식 소유 계획에 62,285주가 포함되었습니다. 거래는 2025년 8월 1일경 OTCQB 시장에서 시작될 예정입니다. DRS 북엔트리 명세서와 이자 수표는 같은 시기경 Pacific Stock Transfer Company에서 주주들에게 배포될 예정입니다.
Security Midwest Bancorp (OTCQB:SBMW) a réussi son introduction en bourse (IPO) dans le cadre de sa transformation d'une organisation mutuelle en société par actions. La société a vendu 889 781 actions au prix de 10,00 $ par action, levant environ 8,9 millions de dollars de produits bruts.
L'offre comprenait 62 285 actions vendues au Plan d'actionnariat salarié de la banque. Le début des échanges est prévu sur le marché OTCQB aux alentours du 1er août 2025. Les relevés DRS Book-Entry et les chèques d’intérêts seront distribués aux actionnaires par Pacific Stock Transfer Company à peu près à la même date.
Security Midwest Bancorp (OTCQB:SBMW) hat erfolgreich seinen Börsengang (IPO) im Rahmen der Umwandlung von einer Genossenschaft in eine Aktiengesellschaft abgeschlossen. Das Unternehmen verkaufte 889.781 Aktien zu je 10,00 $ und erzielte dabei Bruttoerlöse von etwa 8,9 Millionen Dollar.
Das Angebot umfasste 62.285 Aktien, die an den Mitarbeiteraktienbesitzplan der Bank verkauft wurden. Der Handel soll voraussichtlich um den 1. August 2025 am OTCQB-Markt beginnen. DRS Book-Entry-Abrechnungen und Zinszahlungen werden den Aktionären von der Pacific Stock Transfer Company etwa zum selben Zeitpunkt zugestellt.
- Successfully raised $8.9 million through IPO completion
- 100% of offered shares were sold, indicating strong demand
- Employee Stock Ownership Plan participation shows internal confidence
- Transition from mutual to stock form provides new growth opportunities
- Trading on OTCQB rather than major exchanges may limit institutional investor access
- Relatively small offering size may impact stock liquidity
The Company's common stock is expected to be quoted on the OTCQB Market operated by the OTC Markets Group beginning on or about August 1, 2025 (ticker symbol SBMW).
Persons wishing to confirm their stock orders may do so by contacting the Stock Information Center at (312) 521-1600, which is open between 9:00 a.m. and 4:00 p.m., Central time, Monday through Friday, except on bank holidays.
The Company's transfer agent, Pacific Stock Transfer Company, plans to mail Direct Registration System ("DRS") Book-Entry statements for the shares purchased in the offering, and interest checks, on or about August 1, 2025. Persons wishing to contact Pacific Stock Transfer Company may do so by phone at (702) 361-3033 or via email to info@pacificstocktransfer.com.
Luse Gorman, PC served as legal counsel to the Company and the Bank. Performance Trust Capital Partners, LLC acted as marketing agent for the Company in connection with the stock offering, and Silver, Freedman, Taff & Tiernan LLP served as legal counsel to Performance Trust Capital Partners, LLC.
Forward-Looking Statements Disclosures
This press release contains certain forward-looking statements about the conversion and stock offering. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "plan," "expect," "anticipate," and "intend" or future or conditional verbs such as "would," "should," "could," "may" or words of similar import. Forward-looking statements are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include possible unforeseen delays in delivering DRS Book-Entry statements or interest checks and/or delays in the start of trading due to market disruptions or otherwise.
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SOURCE Security Midwest Bancorp, Inc.
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