Central Plains Bancshares Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2023-12-31; filed 2024-02-13.
0000950170-24-014584
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-07.
0000950170-24-092868
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 12 previous paragraphs and 10 current paragraphs.
9 unchanged; 0 reworded; 1 added; 3 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1)
Removed paragraphs (3)
Previous report
On October 19, 2023, the Company completed the sale of 4,130,815 shares of its common stock, par value $0.01 per share, in connection with the mutual-to-stock conversion of the Association. The effective date of the Company's registration statement (Commission File No. 333-272636) was August 14, 2023. The Company registered for offer and sale shares of common stock, par value $0.01, at a sales price of $10.00 per share.
Previous report
The selling agent who assisted the Company in the sale of its common stock was Keefe, Bruyette & Woods, Inc. ("KBW") For their services, KBW received a fee of 1.0% of the aggregate purchase price of the shares of common stock sold in the subscription offering, and $30,000 for conversion agent and data processing records management agent, as well as reimbursements for out-of-pocket expenses and legal expenses related to its marketing agent services and its conversion agent and records manager services.
Previous report
As of December 31, 2023, the Company incurred expenses in connection with the offer and sale of the common stock totaling $1.9 million, resulting in net proceeds of $39.4 million. The Company utilized $3.3 million to fund an ESOP loan and invested $19.7 million of the net proceeds it received from the sale into the Association's operations, and has retained the remaining amount for general corporate purposes.