Marathon Bancorp, Inc. Extends Community Offering
Marathon Bancorp (OTC Pink: MBBC) has announced an extension of its community offering period to sell additional shares of common stock. The offering will expire on March 28, 2025, at 3:00 p.m. Central Time, though the company may close earlier upon reaching orders near the midpoint (approximately 1,650,000 shares).
Purchase preference will be given to natural persons residing in Wisconsin Counties of Marathon, Ozaukee, Milwaukee and Waukesha, followed by existing stockholders as of January 31, 2025. The completion requires final regulatory approval, stockholder approval, Nasdaq listing conditions, and the sale of at least 1,402,500 shares.
Marathon Bank operates from its main office and four branch offices in Marathon, Waukesha and Ozaukee Counties, Wisconsin. The offering terms are detailed in the company's prospectus dated February 11, 2025.
Marathon Bancorp (OTC Pink: MBBC) ha annunciato un'estensione del periodo di offerta comunitaria per vendere ulteriori azioni ordinarie. L'offerta scadrà il 28 marzo 2025, alle 15:00 ora centrale, anche se la società potrebbe chiudere prima al raggiungimento degli ordini vicino al punto medio (circa 1.650.000 azioni).
La preferenza per l'acquisto sarà data alle persone fisiche residenti nei contee del Wisconsin di Marathon, Ozaukee, Milwaukee e Waukesha, seguite dagli azionisti esistenti al 31 gennaio 2025. Il completamento richiede l'approvazione finale da parte delle autorità di regolamentazione, l'approvazione degli azionisti, le condizioni di quotazione Nasdaq e la vendita di almeno 1.402.500 azioni.
Marathon Bank opera dalla sua sede principale e da quattro filiali nelle contee di Marathon, Waukesha e Ozaukee, Wisconsin. I termini dell'offerta sono dettagliati nel prospetto della società datato 11 febbraio 2025.
Marathon Bancorp (OTC Pink: MBBC) ha anunciado una extensión de su período de oferta comunitaria para vender acciones adicionales de acciones ordinarias. La oferta expirará el 28 de marzo de 2025, a las 3:00 p.m. hora central, aunque la compañía puede cerrar antes si alcanza órdenes cerca del punto medio (aproximadamente 1,650,000 acciones).
Se dará preferencia de compra a las personas naturales que residan en los condados de Marathon, Ozaukee, Milwaukee y Waukesha en Wisconsin, seguidas de los accionistas existentes a partir del 31 de enero de 2025. La finalización requiere la aprobación regulatoria final, la aprobación de los accionistas, las condiciones de cotización en Nasdaq y la venta de al menos 1,402,500 acciones.
Marathon Bank opera desde su oficina principal y cuatro sucursales en los condados de Marathon, Waukesha y Ozaukee, Wisconsin. Los términos de la oferta están detallados en el prospecto de la compañía con fecha del 11 de febrero de 2025.
마라톤 뱅코프 (OTC 핑크: MBBC)는 추가 보통주를 판매하기 위한 커뮤니티 오퍼링 기간을 연장한다고 발표했습니다. 이 오퍼링은 2025년 3월 28일 오후 3시 중앙 시간에 만료되지만, 회사는 중간 지점(약 1,650,000주)에 가까운 주문에 도달하면 더 일찍 종료할 수 있습니다.
구매 우선권은 위스콘신 주 마라톤, 오자우키, 밀워키 및 와우키샤 카운티에 거주하는 자연인에게 주어지며, 그 다음은 2025년 1월 31일 기준 기존 주주에게 주어집니다. 완료하려면 최종 규제 승인, 주주 승인, 나스닥 상장 조건 및 최소 1,402,500주 판매가 필요합니다.
마라톤 뱅크는 위스콘신 주 마라톤, 와우키샤 및 오자우키 카운티에 있는 본사와 네 개의 지점에서 운영됩니다. 오퍼링 조건은 2025년 2월 11일 자 회사의 투자 설명서에 자세히 나와 있습니다.
Marathon Bancorp (OTC Pink: MBBC) a annoncé une prolongation de sa période d'offre communautaire pour vendre des actions ordinaires supplémentaires. L'offre expirera le 28 mars 2025 à 15h00, heure centrale, bien que la société puisse fermer plus tôt si elle atteint des commandes proches du point médian (environ 1 650 000 actions).
La préférence d'achat sera accordée aux personnes physiques résidant dans les comtés du Wisconsin de Marathon, Ozaukee, Milwaukee et Waukesha, suivies des actionnaires existants au 31 janvier 2025. L'achèvement nécessite l'approbation réglementaire finale, l'approbation des actionnaires, les conditions de cotation sur le Nasdaq et la vente d'au moins 1 402 500 actions.
La Marathon Bank opère depuis son bureau principal et quatre agences dans les comtés de Marathon, Waukesha et Ozaukee, Wisconsin. Les conditions de l'offre sont détaillées dans le prospectus de la société daté du 11 février 2025.
Marathon Bancorp (OTC Pink: MBBC) hat eine Verlängerung seines Community-Angebotszeitraums bekannt gegeben, um zusätzliche Stammaktien zu verkaufen. Das Angebot läuft am 28. März 2025 um 15:00 Uhr Central Time ab, obwohl das Unternehmen möglicherweise früher schließt, wenn es Bestellungen in der Nähe des Mittelwerts (ca. 1.650.000 Aktien) erreicht.
Kaufpräferenzen werden natürlichen Personen gewährt, die in den Wisconsin Counties Marathon, Ozaukee, Milwaukee und Waukesha wohnen, gefolgt von bestehenden Aktionären zum 31. Januar 2025. Der Abschluss erfordert die endgültige Genehmigung durch die Aufsichtsbehörden, die Genehmigung der Aktionäre, die Bedingungen für die Nasdaq-Notierung und den Verkauf von mindestens 1.402.500 Aktien.
Die Marathon Bank operiert von ihrem Hauptsitz und vier Filialen in den Counties Marathon, Waukesha und Ozaukee in Wisconsin. Die Angebotsbedingungen sind im Prospekt des Unternehmens vom 11. Februar 2025 detailliert beschrieben.
- Potential Nasdaq uplisting from OTC Pink market
- Geographic expansion across multiple Wisconsin counties
- Strong local market presence with main office and four branches
- Risk of not meeting minimum share sales requirement
- Uncertainty about achieving final regulatory approvals
- Extended offering period suggests possible challenges in reaching sales targets
Marathon Bancorp, Inc. (the "Company") (OTC Pink: MBBC), the holding company for Marathon Bank (the "Bank"), announced today that the Company has extended the community offering to allow additional time to sell shares of its common stock.
WAUSAU, WI / ACCESS Newswire / March 24, 2025 / Marathon Bancorp, Inc. (the "Company") (OTC Pink:MBBC), the holding company for Marathon Bank (the "Bank"), announced today that the Company has extended the community offering to allow additional time to sell shares of its common stock.
The terms and conditions of the community offering are more fully set forth in the Company's prospectus dated February 11, 2025. The offering of shares in the community offering is made only by the prospectus, and shares may only be ordered by using the stock order form provided by the Company. The community offering will expire at 3:00 p.m., Central Time, on March 28, 2025, but the Company reserves the right to close the community offering earlier once it receives valid orders at or near the midpoint of the offering range, or for approximately 1,650,000 shares of common stock, including the valid orders received in the subscription offering.
Valid orders received in the subscription offering will receive priority over any community offering orders. In the community offering, preference to purchase shares will first be given to natural persons residing in the Wisconsin Counties of Marathon, Ozaukee, Milwaukee and Waukesha, and then to the Company's public stockholders at the close of business on January 31, 2025.
All questions concerning the offering or requests for offering materials should be directed to the Stock Information Center at (312) 461-4342. The Stock Information Center will be open Monday through Friday between 10:00 a.m. and 4:00 p.m., Central Time, through the expiration date of the community offering. The Stock Information Center will be closed on bank holidays.
Completion of the conversion and stock offering remains subject to final regulatory approval, the approval of the Company's stockholders and the members of Marathon MHC, satisfaction of certain Nasdaq listing conditions and the sale of at least 1,402,500 shares of common stock at the minimum of the offering range.
The Company intends to close the stock offering at or near the midpoint of the offering range. However, the Company may choose to close the community offering between the minimum and midpoint of the offering range.
This release is neither an offer to sell nor a solicitation of an offer to buy common stock of the Company. The offer is made only by the Company's prospectus when accompanied by a stock order form. The shares of common stock of the Company are not savings accounts or savings deposits, may lose value and are not insured by the Federal Deposit Insurance Corporation or any other government agency. The Company has filed with the Securities and Exchange Commission (the "SEC") a registration statement for the offering to which this press release relates as well as the final prospectus, dated February 11, 2025, for the subscription and community offerings. Before you invest, you should read that prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the stock offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
About Marathon Bancorp, Inc.
Marathon Bancorp is the bank holding company for Marathon Bank, a Wisconsin-chartered savings bank headquartered in Wausau, Wisconsin. The Bank conducts its business from its main office and four branch offices located in Marathon, Waukesha and Ozaukee Counties.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "may," "will," "would," "intend," "believe," "expect," "plan," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. These statements are based upon the current beliefs and expectations of Company management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: the failure to obtain the final approval of the Board of Governors of the Federal Reserve System or the Wisconsin Department of Financial Institutions for the proposed conversion and related stock offering, delays in obtaining such approvals, or adverse conditions imposed in connection with such approvals; failure to obtain stockholder and/or member approval of the conversion; those risks related to the real estate and economic environment, particularly in the market areas in which the Company operates; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; fluctuations in the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company may not be successful in the implementation of its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company's filings with the SEC, which are available at the SEC's website, www.sec.gov.
The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above or other factors could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically disclaims any obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact Information
Nick Zillges
President & CEO
nickz@marathonbank.com
(715) 845-7331
SOURCE: Marathon Bank
View the original press release on ACCESS Newswire
FAQ
When does Marathon Bancorp's (MBBC) community stock offering expire?
What is the minimum number of shares MBBC needs to sell in this offering?
Who gets preference in MBBC's community stock offering?
What conditions must MBBC meet to complete the stock offering?
