Hoyne Bancorp, Inc. announced the closing date for the conversion and stock offering.
Closing is expected on December 3, 2025, with trading on the Nasdaq Capital Market the next day.
The company's subscription offering was oversubscribed and is set to sell 7,935,000 shares at $10.00 per share.
Oversubscribed Offering
The Subscription Offering was oversubscribed with eligible account holders and ESOP participants.
Shares Sold
The Company expects to sell 7,935,000 shares of Common Stock at $10.00 per share.
Additional Contribution
Additionally, the Company intends to contribute 161,938 shares to the Hoyne Charitable Foundation.
- The successful oversubscription indicates strong investor interest in the conversion.
- With 8,096,938 shares expected to be outstanding after the offering, the company's ownership structure will change significantly.
The completion of the conversion and offering marks a significant milestone for Hoyne Bancorp, Inc. as it transitions to a stock holding company structure.