AVBH completes IPO; overallotment exercised for 3,001,500 shares

Rhea-AI Filing Summary

Avidbank Holdings, Inc. completed its initial public offering, selling 2,610,000 shares at a public offering price of $23.00 per share and issuing an additional 391,500 shares after the underwriters fully exercised the 30-day overallotment option, for a total of 3,001,500 shares sold. The offering was led by Piper Sandler & Co. and Stephens Inc..

Following the full exercise of the overallotment, the company received net proceeds of approximately $62.2 million after underwriting discounts, commissions and estimated offering expenses; the overallotment shares were purchased at $21.4475 per share. The company's common stock trades under the ticker AVBH.

Positive

• Completed IPO issuing a total of 3,001,500 shares to the public
• Full exercise of the 30-day Overallotment Option, adding 391,500 shares
• Net proceeds of approximately $62.2 million after underwriting discounts, commissions and estimated offering expenses
• Underwriters identified: Piper Sandler & Co. and Stephens Inc.

Negative

• None.

Insights

Securities Analyst

TL;DR: IPO completed for 3,001,500 shares at $23.00; overallotment fully exercised; net proceeds ~$62.2M — capital raised successfully.

The filing documents a successful primary market transaction: 2,610,000 shares sold at $23.00 plus a fully exercised 391,500-share overallotment. The exercise at a net price of $21.4475 for the additional shares and reported net proceeds of ~ $62.2M indicate substantive investor demand and a completed equity raise that strengthens the company's reported capital position. Underwriters named were Piper Sandler & Co. and Stephens Inc., which served as representatives for the syndicate.

Corporate Finance Specialist

TL;DR: Full 30-day option exercised, bringing total issuance to 3,001,500 shares and yielding about $62.2M after fees.

The registrant granted a 30-day overallotment option that was exercised in full, increasing the aggregate offering size by 391,500 shares. The filing discloses the per-share public offering price ($23.00), the effective per-share proceeds on the overallotment ($21.4475) and the aggregate net proceeds (~$62.2M) after underwriting discounts, commissions and estimated offering expenses. These are material financing details that define the immediate cash impact of the transaction.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

FAQ

What did Avidbank Holdings (AVBH) announce in this 8-K?

The company completed its initial public offering, selling 3,001,500 shares in total after the full exercise of the overallotment option.

How many shares were sold in AVBH's IPO and how were they allocated?

The offering comprised 2,610,000 shares sold at the public offering price and an additional 391,500 shares sold upon full exercise of the overallotment option, totaling 3,001,500 shares.

What was the public offering price and the price paid for the overallotment shares?

The public offering price was $23.00 per share; the overallotment shares were purchased at $21.4475 per share (public offering price less underwriting discounts and commissions).

How much did AVBH receive from the IPO?

The company received net proceeds of approximately $62.2 million after deducting underwriting discounts and commissions and estimated offering expenses.

Who acted as the representatives of the underwriters for AVBH's offering?

Piper Sandler & Co. and Stephens Inc. served as the representatives of the several underwriters.

What is Avidbank's ticker symbol and where is it listed?

The common stock trades under the ticker AVBH on The Nasdaq Stock Market LLC.

Is Avidbank identified as an emerging growth company in the filing?

Yes, the filing indicates the registrant is an emerging growth company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/13/2025 - 05:00 PM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 11, 2025

AVIDBANK HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

California		001-42792		26-1731009
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

1732 North First Street, 6th Floor San Jose, CA		95112
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (408) 200-7390

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, no par value per share		AVBH		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On August 11, 2025, Avidbank Holdings, Inc. (the “Company”) completed the sale of 2,610,000 shares of common stock, no par value per share (“Common Stock”), at a public offering price of $23.00 per share, in its initial public offering (“IPO”). Pursuant to the IPO, the Company and Avidbank, a California state-chartered bank, entered into an Underwriting Agreement, dated August 7, 2025 (the “Underwriting Agreement”), with Piper Sandler & Co. and Stephens Inc., as representatives of the several underwriters thereof (the “Representatives”), under which the Company granted the Representatives a 30-day option to purchase up to an additional 391,500 shares of its Common Stock (the “Overallotment Option”).

On August 11, 2025, the Representatives notified the Company of their decision to exercise the Overallotment Option in full, purchasing the additional 391,500 shares of Common Stock, at the public offering price less underwriting discounts and commissions, or $21.4475 per share. Following the full exercise of the Overallotment Option, the Company has issued and sold an aggregate total of 3,001,500 shares of Common Stock in connection with the IPO resulting in net proceeds to the Company, after deducting underwriting discounts and commissions and estimated offering expenses, of approximately $62.2 million.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 13, 2025	AVIDBANK HOLDINGS, INC.
	By:	/s/ Victor DeMarco
	Name:	Victor DeMarco
	Title:	Executive Vice President and Chief Legal Officer

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