Pathfinder Bancorp extends resale registration deadline
Pathfinder Bancorp, Inc. entered into a new amendment of its Registration Rights Agreement with Castle Creek Capital Partners VII, L.P. on May 4, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Pathfinder Bancorp, Inc. entered into a new amendment of its Registration Rights Agreement with Castle Creek Capital Partners VII, L.P. on May 4, 2026. The change gives the company until May 8, 2027 to file a resale registration statement covering securities sold to Castle Creek in a 2019 private placement.
This Fourth Amendment follows prior extensions that had most recently required the filing by May 8, 2026. No financial statements, pro forma information, or shell company transactions are included with this update.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Original resale registration filing deadline: May 8, 2023
Prior extended filing deadline: May 8, 2026
New filing deadline: May 8, 2027
+1 more
4 metrics
Original resale registration filing deadline
May 8, 2023
Initial deadline in the Registration Rights Agreement
Prior extended filing deadline
May 8, 2026
Most recent extension before Fourth Amendment
New filing deadline
May 8, 2027
Set by Fourth Amendment to Registration Rights Agreement
Agreement date of Fourth Amendment
May 4, 2026
Date Pathfinder and Castle Creek agreed to extend deadline
Key Terms
Securities Purchase Agreement, Registration Rights Agreement, resale registration statement, Material Definitive Agreement
4 terms
Securities Purchase Agreement financial
"entered into a Securities Purchase Agreement with Castle Creek Capital Partners VII, L.P."
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
Registration Rights Agreement regulatory
"the Company entered into a registration rights agreement with Castle Creek"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
resale registration statement regulatory
"file a resale registration statement by no later than May 8, 2023"
A resale registration statement is a document filed with regulators that allows existing shareholders to sell their shares to the public. It provides the necessary legal approval and information for these shares to be resold on the market, helping to increase the availability of shares for trading. For investors, it signals that shares held by current owners can be offered for sale, potentially affecting share prices and market liquidity.
Material Definitive Agreement regulatory
"Item 1.01 - Entry into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Pathfinder Bancorp (PBHC) change in its agreement with Castle Creek?
Pathfinder Bancorp amended its Registration Rights Agreement with Castle Creek. The Fourth Amendment, dated May 4, 2026, extends the deadline for Pathfinder to file a resale registration statement for Castle Creek’s securities to May 8, 2027, replacing the prior May 8, 2026 deadline.
Why is the Pathfinder Bancorp (PBHC) amendment described as a material definitive agreement?
The amendment is labeled a material definitive agreement because it changes binding contract terms. Specifically, it revises the Registration Rights Agreement originally tied to a 2019 private placement, altering when Pathfinder must file a resale registration statement for Castle Creek’s securities.
What is the new deadline for Pathfinder Bancorp (PBHC) to file a resale registration statement?
The new deadline is May 8, 2027. Under the Fourth Amendment to the Registration Rights Agreement with Castle Creek, Pathfinder now has until May 8, 2027 to file a resale registration statement covering the securities issued in the 2019 private placement.
How has the Pathfinder Bancorp (PBHC) resale registration filing date evolved over time?
The original filing deadline was May 8, 2023. Beginning in 2023 and in each of the next two years, Pathfinder and Castle Creek agreed to annual extensions, most recently to May 8, 2026, and now further extended to May 8, 2027 under the Fourth Amendment.
Does the latest Pathfinder Bancorp (PBHC) amendment include new financial statements?
No, there are no new financial statements included. The disclosure states there are no financial statements of businesses acquired, no pro forma financial information, and no shell company transactions. The key item is the Fourth Amendment to the Registration Rights Agreement with Castle Creek.
AI-generated analysis. How Rhea-AI works. Not financial advice.
