HERITAGE NOLA BANCORP, INC. ANNOUNCES UPDATED RANGE OF PER SHARE CONSIDERATION IN DISSOLUTION PAYMENT AND PAYMENT RECORD DATE
Heritage NOLA Bancorp estimates shareholders will receive between $21.30 and $21.40 per share in cash in its dissolution, based on the company's financial condition at August 31, 2026. Stockholders of record as of the close of business on October 1, 2026 are eligible for the payment, expected on or about October 15, 2026; the stock is expected to be removed from the OTCID Basic Market after the record date, with no further trades processed and no advance notice of the removal. The company cautioned that the final per-share amount remains subject to significant variation from corporate taxes, cash levels, and dissolution costs, and investors should not assume it lands within the stated range.
Key figures
- Exchange
- OTCID Basic Market
- Record date
- October 1, 2026
- Payment date
- on or about October 15, 2026
- Wind up duration
- up to two years
- Financial condition as of
- August 31, 2026
- Per share consideration low
- 21.3
- Per share consideration high
- 21.4
- Per share consideration range
- $21.30-$21.40 in cash
AI analysis
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