The stock should trade near the $17.25 deal price as the special meeting and regulatory approvals are the remaining conditions. Track August 27 vote outcome and regulatory decisions; any delay risk (e.g., burdensome conditions) could widen the spread. The absence of appraisal rights removes an overhang for deal completion.
Price Chart
Executive Summary
First Seacoast Bancorp (FSEA) filed a preliminary proxy statement (PREM14A) to solicit stockholder approval for its acquisition by Cambridge Financial Group for $17.25 per share in cash, valuing the transaction at approximately $80.9 million. The unanimous board recommends a FOR vote at the August 27, 2026 special meeting; holders representing 6.6% of shares already committed via voting agreements. This filing advances the merger toward the stockholder vote, the next milestone after regulatory applications filed June 4, 2026.
Key Financial Metrics
Key Facts
- Merger consideration: $17.25 per share in all cash, no interest.
- Total deal value: approximately $80.9 million based on 4,692,591 shares outstanding.
- Special meeting scheduled for August 27, 2026; stockholder vote required.
- Board of directors unanimously recommends FOR vote on the merger.
- Insiders holding ~6.6% of shares have entered into voting agreements to support the merger.
- Financial advisor KBW delivered fairness opinion; considered the consideration fair from a financial point of view.
- Termination fee payable by FSEA to Cambridge: $3.5 million under certain circumstances.
- No dissenters or appraisal rights available to stockholders.
- Regulatory approvals required from FRB, FDIC, Massachusetts Division of Banks, and New Hampshire Banking Department; filings submitted June 4, 2026.
Financial Impact
Each share converted to $17.25 cash, total consideration ~$80.9M. Stock closed at $11.74 on May 4, 2026, the last trading day before announcement.
Risk Factors
- Stockholder vote failure could terminate the deal and trigger a $3.5M fee.
- Regulatory approvals may impose burdensome conditions or be denied.
- Material adverse change or litigation could delay or prevent closing.
- The all-cash consideration is taxable to stockholders as a capital gain.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| PREM14A Filing (Primary) | 0001193125-26-279596 |
| Document: d155500dexfilingfees.htm | 0001193125-26-279596 |
| Document: 0001193125-26-279596-index-headers.html | 0001193125-26-279596 |
| Document: 0001193125-26-279596-index.html | 0001193125-26-279596 |
| Document: 0001193125-26-279596.txt | 0001193125-26-279596 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 23, 2026 14w ago | PREM14A | $16.94 $17.17 | ▲ +1.36% | ▼ −1.48% | — |
May 5, 2026 21w ago | DEFA14A | $16.69 $16.97 | ▲ +1.68% | ▼ −0.38% | — |
May 5, 2026 21w ago | 8-K | $16.69 $16.97 | ▲ +1.68% | ▼ −0.38% | — |
Apr 30, 2026 22w ago | 10-K/A | $11.75 $16.95 | ▲ +44.26% | ▲ +41.15% | — |
US Market Status
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