IPO - LAKE SHORE BANCORP, INC.

Form Type: 8-K

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000095017025076890

Filing Summary: On May 23, 2025, Lake Shore Bancorp, Inc. announced the commencement of a stock offering in connection with its conversion from a mutual holding company to a stock holding company. This significant transition marks the company's move to a different corporate structure, enabling it to offer shares publicly. The announcement was formalized through a press release, indicating the strategic direction of the company and its commitment to enhancing shareholder value. The press release has been filed as an exhibit to this report, further detailing the terms and conditions surrounding the stock offering.

Form Type: 8-K

Filing Date: 2025-05-20

Corporate Action: Ipo

Type: New

Accession Number: 000119312525123191

Filing Summary: On May 14, 2025, Lake Shore Bancorp, Inc. entered into an Agency Agreement with Raymond James & Associates, Inc. to assist in marketing the Company's common stock during its stock offering. This offering is associated with the conversion of Lake Shore, MHC from a mutual holding company to a stock holding company. Raymond James is entitled to a success fee of 1.35% for shares sold during the subscription and community offerings, and a fee of 6.00% for shares sold in a syndicated community offering. An additional fee of $30,000 will be paid to Raymond James for records agent services along with reimbursements for related expenses. The stock offering is being made under an effective Registration Statement on Form S-1, declared effective on May 14, 2025.