Core Viewpoint - Lake Shore Bancorp, Inc. has successfully completed its conversion from mutual to stock form, along with a related stock offering, and will begin trading on the Nasdaq Global Market under the symbol "LSBK" on July 21, 2025 [1]. Group 1: Stock Offering Details - Lake Shore Bancorp sold a total of 4,950,460 shares of common stock at a price of $10.00 per share, resulting in total gross proceeds of $49.5 million [2]. - Approximately 7,825,877 shares of Lake Shore Bancorp common stock are outstanding after the conversion and stock offering, before adjustments for fractional shares [3]. Group 2: Shareholder Information - Public stockholders of Lake Shore Federal Bancorp will receive shares of Lake Shore Bancorp common stock based on an exchange ratio of 1.3549 shares for each share they owned prior to the conversion [3]. - Stockholders holding shares in street name will receive their shares and cash for fractional shares directly in their accounts, while those with certificated shares will receive a letter of transmittal for the exchange [4]. Group 3: Company Overview - Lake Shore Bancorp is the holding company for Lake Shore Bank, a community-oriented financial institution based in Dunkirk, New York, with ten full-service branch locations in Western New York [6]. - The Bank offers a wide range of retail and commercial lending and deposit services [6].

LOS ANGELES, July 16, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, today announced certain investors elected to convert their preferred stock to common stock at $1.50 per share. “We are incredibly excited and grateful that our amazing partners, Harvest Funds and No Street Capital, have elected to convert their preferred shares into common stock at $1.50 per share,” said Robert Ellin, CEO of LiveOne. “This vote of confidence fr ...

Core Points - Lake Shore Bancorp, Inc. has received all regulatory approvals to convert Lake Shore, MHC from mutual to stock form and to complete the related stock offering [1][2] - The closing of the conversion is expected to occur after business hours on July 18, 2025, with trading of Lake Shore Bancorp's common stock on Nasdaq beginning on July 21, 2025 [2] - The company anticipates selling approximately 4,950,460 shares at $10.00 per share, resulting in total gross proceeds of $49.5 million [3] - Existing public stockholders of Lake Shore Federal Bancorp will have their shares converted at an exchange ratio of 1.3549 shares of Lake Shore Bancorp common stock for each share of Lake Shore Federal Bancorp common stock [4] - Approximately 7,825,877 shares of Lake Shore Bancorp common stock are expected to be outstanding post-conversion [4] - Stockholders holding shares in street name will receive their shares and cash for fractional shares directly in their accounts, while those with certificated shares will receive a letter of transmittal [5] - Lake Shore Federal Bancorp operates as a community-oriented financial institution with ten full-service branches in Western New York, offering a range of retail and commercial banking services [7]