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Investment Banking Transactions

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Date Client Type Sub-Type Amt. ($M) Logo Sector/Sub-Sector Description Tombstone Description PSC Role
Published 09/01/2022 Tuesday Morning Corporation Restructuring Special Situations Financing $35.0 Consumer, Retail & Disruptive Commerce Piper Sandler served as financial advisor for Tuesday Morning Corporation on a recapitalization that provides liquidity to avoid covenant breach and potential liquidation Special Situations Financing Financial Advisor
Published 09/01/2022 First United Corporation Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing Subordinated Notes $92.0 Financial Services, Depositories Piper Sandler served as co-placement agent for First United on a 6.00% fixed-to-floating rate subordinated notes offering due in 2032 Subordinated Notes Joint Placement Agent
Published 09/01/2022 First United Financing, Equity Capital Markets Preferred Stock $80.8 Financial Services, Depositories Piper Sandler served as joint placement agent for First United on a 8.50% fixed-rate reset non-cumulative perpetual preferred stock offering Preferred Stock Joint Placement Agent
Published 09/01/2022 Merchants Bancorp Equity Capital Markets, Financing Preferred Stock $28.6 Financial Services, Depositories Piper Sandler served as bookrunner for Merchants Bancorp on a 8.25% fixed-rate resert Series D non-cumulative perpetual preferred stock Preferred Stock Active Bookrunner
Published 09/01/2022 Southern Missouri Bancorp Mergers & Acquisitions Buy-Side $140.0 Financial Services, Depositories Piper Sandler served as buy-side advisor for Southern Missouri Bancorp on acquisition of Citizens Bancshares Company Southern Missouri Bancorp has acquired Citizens Bancshares Company Financial Advisor
Published 09/01/2022 Peach State Bancshares Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing Subordinated Notes $10.0 Financial Services, Depositories Piper Sandler served as sole placement agent for Peach State Bancshares on a 6.25% fixed-to-floating rate subordinated notes offering due in 2032 Subordinated Notes Sole Placement Agent
Published 09/01/2022 Laredo Energy Mergers & Acquisitions Division Carve Out Energy & Power, Upstream Piper Sandler served as financial advisor for Laredo Energy on divestiture of Eagle Ford assets
Laredo Energy has divested Eagle Ford assets
Financial Advisor
Published 09/01/2022 ODNB Financial Corporation Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services Subordinated Notes $24.0 Financial Services, Depositories Piper Sandler served as sole placement agent for ODNB Financial Corporation on a 6.25% fixed-to-floating rate subordinated notes offering due in 2022 Subordinated Notes Sole Placement Agent
Published 09/01/2022 Third Coast Bancshares, Inc. Equity Capital Markets, Financing Preferred Stock $69.4 Financial Services, Depositories Piper Sandler served as sole placement agent for Third Coast Bancshares, Inc. on a 6.70% non-cumulative convertible preferred stock offering Preferred Stock Sole Placement Agent
Published 08/31/2022 The Billington Group Mergers & Acquisitions Buy-Side Consumer, Food & Beverage Piper Sandler served as buy-side advisor for The Billington Group on acquisition of Carr's Billington Agriculture Ltd joint venture The Billington Group has acquired Carr's Billington Agriculture Ltd joint venture Financial Advisor
Published 08/31/2022 Stronghold Energy Partners, LP Mergers & Acquisitions Sell-Side $465.0 Energy & Power, Upstream Piper Sandler served as sell-side advisor for Stronghold Energy on its divestiture of Central Basin Platform assets in the Permian Basin to Ring Energy, Inc. Stronghold Energy has divested Central Basin Platform assets to Ring Energy, Inc. Financial Advisor
Published 08/31/2022 M & D Distributors Mergers & Acquisitions Sell-Side Services & Industrials Piper Sandler served as sell-side advisor for Magneto & Diesel Holdings, LLC ("M&D"), a portfolio company of Warren Equity Partners, on sale to Gridiron Capital, LLC Magneto & Diesel Holdings, LLC ("M&D"), a portfolio company of Warren Equity Partners, has been acquired by Gridiron Capital, LLC Financial Advisor
Published 08/31/2022 The Spice Tailor Ltd Mergers & Acquisitions Sell-Side $50.0 Consumer, Food & Beverage Piper Sandler served as sell-side advisor for the shareholders of The Spice Tailor on sale to Premier Foods The Spice Tailor has been acquired by Premier Foods plc Financial Advisor
Published 08/31/2022 SelectQuote, Inc. Restructuring Amendment $950.0 Financial Services, Insurance Piper Sandler served as investment banker for SelectQuote, Inc. on its credit agreement amendment Amendment Financial Advisor
Published 08/26/2022 Cytek Biosciences, Inc. Financing, Equity Capital Markets At the Market Offering $150.0 Healthcare, Tools & Diagnostics Piper Sandler served as left bookrunner for Cytek Biosciences, Inc. on an ATM offering At the Market Offering Left Bookrunner
Published 08/24/2022 Fresenius Health Partners Mergers & Acquisitions Merger $2,400.0 Healthcare, Information-Driven Healthcare Piper Sandler served as buy-side advisor for Fresenius Health Partners on merger with Interwell Health and Cricket Health Fresenius Health Partners has merged with Interwell Health and Cricket Health Financial Advisor
Published 08/16/2022 Oak Street Health, LLC Financing, Equity Capital Markets CMFO $201.8 Healthcare, Information-Driven Healthcare Piper Sandler served as bookrunner on Oak Street Health, LLC common stock follow on offering Confidentially Marketed Follow-On Offering Passive Bookrunner
Published 08/11/2022 Portillo's Restaurant Group, L.L.C. Financing, Equity Capital Markets Follow-On Offering $191.6 Consumer, Restaurants Piper Sandler served as bookrunner for Portillo's Inc. on a follow-on offering Follow-On Offering Active Bookrunner
Published 08/10/2022 LSB Industries Inc. Financing, Equity Capital Markets Follow-On Offering $119.6 Chemicals Piper Sandler served as bookrunner for LSB Industries, Inc. on a follow on offering Follow-On Offering Passive Bookrunner
Published 08/10/2022 Cincor Pharma Financing, Equity Capital Markets Follow-On Offering $258.8 Healthcare, Biopharma Piper Sandler served as bookrunner for CinCor Pharma, Inc. on a common stock and pre-funded warrant offering Follow-On Offering Active Bookrunner

Piper Sandler acquired TRS Advisors on 12/31/2020, Stamford Partners on 6/13/2022 and DBO Partners on 10/10/2022, transactions completed prior were executed by the respective firm.