Columbia Financial, Inc. (CLBK) Form 8-K — May 15, 2026
Columbia Financial, Inc. (CLBK) has entered into an Agency Agreement with Keefe Bruyette & Woods, Inc. (KBW) to facilitate its conversion from a mutual holding company to a publicly traded stock corporation. The agreement covers a subscription and community offering of up to 192,625,000 shares of common stock at a fixed price of $10.00 per share, representing a potential gross proceeds of approximately $1.93 billion.
Key figures
- Gross Proceeds
- 1,926,250,000
- Offering Price
- 10
- Shares Offered
- 192,625,000
- Management fee paid
- 250000
- Subscription fee percent
- 1.0%
- Expense reimbursement cap
- 650000
- Offering dilution percent
- 73.1%
- Merger exchange ratio base
- 1.425
- Firm commitment discount max
- 5.0%
- Community offering fee percent
- 2.0%
- Per share cash consideration base
- 14.25
- Northfield valuation threshold low
- 2,300,000,000
- Northfield valuation threshold high
- 2,600,000,000
Price after filing
1 day: 0.0%7 days: +2.7%30 days: +5.2%
Close on the filing date to close N calendar days later (from $19.70). Historical, not a forecast.
AI analysis
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