The merger has closed and NSTS shares are delisted — no further trading in NSTS common stock is possible. Holders should expect to receive the $14.31 per share cash consideration from the paying agent. Monitor for any post-closing adjustments or escrow releases under the merger agreement.
Price Chart
Executive Summary
NSTS Bancorp, Inc. has been acquired by Brookfield Bancshares, Inc. in a two-step merger completed on October 1, 2026. Shareholders received $14.31 per share in cash, totaling approximately $73.7 million in aggregate consideration. The company's common stock was delisted from Nasdaq and its separate corporate existence has ceased.
Key Facts
- Merger completed on October 1, 2026, with NSTS merging into Brookfield Bancshares, Inc.
- Shareholders received $14.31 per share in cash for each share of common stock.
- Aggregate merger consideration of $73,662,000 paid to holders of common stock, restricted stock, and stock options.
- Common stock delisted from Nasdaq Capital Market as of September 30, 2026.
- Shareholder vote on September 29, 2026: 3,762,060 FOR, 3,905 AGAINST, 0 abstentions — approximately 99.9% approval.
- All directors and executive officers of NSTS ceased their roles; certain bank-level officers remain on the subsidiary bank's board.
- Certificate of Incorporation and Bylaws of NSTS ceased to be in effect.
Financial Impact
Shareholders received $14.31 per share in cash, representing a fixed premium over the pre-announcement trading price. Total deal value is $73.7 million.
Risk Factors
- No residual equity value — all shares were cashed out at $14.31.
- Delisting eliminates any further public market for NSTS stock.
- Post-closing disputes or indemnification claims could delay or reduce consideration for certain former shareholders.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-031662 |
| Document: 0001437749-26-031662-index-headers.html | 0001437749-26-031662 |
| Document: 0001437749-26-031662-index.html | 0001437749-26-031662 |
| Document: 0001437749-26-031662.txt | 0001437749-26-031662 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 15-12G | — | awaiting T+60 | — | — |
Oct 2, 2026 24d ago | SC 13G/A | $14.27 | awaiting T+60 | — | — |
Oct 1, 2026 25d ago | 25-NSE | $14.27 | awaiting T+60 | — | — |
Oct 1, 2026 25d ago | 8-K | $14.27 | awaiting T+60 | — | — |
Jun 4, 2026 20w ago | 8-K | $13.72 $13.99 | ▲ +1.97% | ▼ −2.03% | — |
May 12, 2026 23w ago | Press Release | $13.64 $13.81 | ▲ +1.21% | ▼ −3.23% | — |
Apr 17, 2026 27w ago | DEFA14A | $12.95 $13.80 | ▲ +6.56% | ▼ −0.21% | — |
US Market Status
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