Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	11/05/2025	BillionToOne	Equity Capital Markets	IPO	$314.0 Million	Image	Healthcare, Life Sciences Tools & Diagnostics	Piper Sandler served as bookrunner for BillionToOne on its IPO	Initial Public Offering	Active Bookrunner
Published	11/04/2025	Amber Infrastructure Limited	Mergers & Acquisitions	Buy-Side	$2.4 Billion	Image Image Image	Energy, Power & Infrastructure, Energy & Power Infrastructure	Piper Sandler served as financial advisor for La Caisse and Amber Infrastructure Group on their investment in Sizewell C	La Caisee and Amber Infrastructure Group have invested in Sizewell C	Financial Advisor
Published	11/04/2025	Hawk Line Construction	Mergers & Acquisitions	Sell-Side		Image Image	Energy, Power & Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as sell-side advisor for Hawk Line Construction on its growth investment from Lime Rock New Energy	Hawk Line Construction has received a growth investment from Lime Rock New Energy	Financial Advisor
Published	11/03/2025	Colony Bank	Financing, Equity Capital Markets	At the Market Offering	$40.0 Million	Image	Financial Services	Piper Sandler served as sole sales agent for Colony Bank on an ATM offering	ATM Program Common Stock	Sole Sales Agent
Published	11/03/2025	Nivel Parts & Manufacturing Co., LLC	Restructuring	Out-of-Court Debt Restructuring	$500.0 Million	Image	Services & Industrials, Automotive Aftermarket	Piper Sandler served as advisor to the company on its $500M recapitalization and new money transaction	Recapitalization	Financial Advisor
Published	10/31/2025	Mutual Bancorp	Mergers & Acquisitions	Buy-Side		Image Image	Financial Services, Depositories	Piper Sandler served as buy-side advisor for Mutual Bancorp on its announced merger with Bluestone Bank	Mutual Bancorp has agreed to merge with Bluestone Bank	Financial Advisor
Published	10/31/2025	OrganOx	Mergers & Acquisitions	Sell-Side	$1.5 Billion	Image Image	Healthcare, Med-Tech	Piper Sandler served as sell-side advisor for OrganOx on its sale to Terumo	OrganOx has been acquired by Terumo	Financial Advisor
Published	10/31/2025	Tompkins Financial Corporation	Mergers & Acquisitions	Division Carve Out		Image Image Image	Financial Services, Depositories, Insurance	Piper Sandler served as financial advisor for Tompkins Financial Corporation on its sale of Tompkins Insurance Agencies, Inc. to Arthur J. Gallagher & Co.	Tompkins Financial has sold Tompkins Insurance Agencies to Arthur J. Gallagher & Co.	Financial Advisor
Published	10/31/2025	Reliance First Capital, LLC	Mergers & Acquisitions	Sell-Side		Image Image	Financial Services, Specialty Finance	Piper Sandler served as sell-side advisor for Reliance First Capital, LLC on its announced sale to Carrington Holding Company, LLC	Reliance First Capital, LLC has agreed to be acquired by Carrington Holding Company, LLC	Financial Advisor
Published	10/29/2025	Savara	Equity Capital Markets	CMFO	$130.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Savara on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	10/27/2025	Xylem Kendall	Mergers & Acquisitions	Strategic Advisory		Image Image	Services & Industrials, Industrial Services	Piper Sandler served as financial advisor for Sterling Investment Partners on the closing of a single-asset continuation vehicle recapitalization of XKIG	Sterling Investment Partners has placed XKIG in a single-asset continuation vehicle	Financial Advisor
Published	10/27/2025	Park National Corporation	Mergers & Acquisitions	Buy-Side	$317.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as buy-side advisor for Park National Corporation on its announced acquisition of First Citizens National Bank	Park National Corporation has agreed to acquire First Citizens National Bank	Financial Advisor
Published	10/27/2025	Sotherly Hotels	Mergers & Acquisitions	Sell-Side	$46.1 Million	Image Image Image	Financial Services, Real Estate	Piper Sandler served as sell-side advisor for the Special Committee of the Board of Directors of Sotherly Hotels on its announced acquisition by a joint venture backed by Kemmons Wilson Hospitality Partners and Ascendent Capital Partners	Sotherly Hotels has agreed to be acquired by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners	Financial Advisor
Published	10/23/2025	Potbelly Corporation	Mergers & Acquisitions	Take Private	$566.0 Million	Image Image	Consumer, Restaurants	Piper Sandler served as exclusive financial advisor to Potbelly Corporation on its sale to RaceTrac	Potbelly has been acquired by RaceTrac	Financial Advisor
Published	10/23/2025	MidwestOne Financial Group	Mergers & Acquisitions	Sell-Side	$864.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as financial advisor for MidWestOne Financial Group, Inc. on its announced merger with Nicolet Bankshares, Inc.	MidWestOne Financial Group, Inc. has agreed to merge with Nicolet Bankshares, Inc.	Financial Advisor
Published	10/22/2025	Tamboran Resources	Equity Capital Markets	CMFO		Image	Energy, Power & Infrastructure, Upstream	Piper Sandler served as co-manager for Tamboran Resources on its CMFO	Confidentially Marketed Follow-On Offering	Co-Manager
Published	10/20/2025	HBT Financial	Mergers & Acquisitions	Buy-Side	$170.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as buy-side advisor for HBT Financial, Inc. on its announced acquisition of CNB Bank Shares, Inc.	HBT Financial has agreed to acquire CNB Bank Shares, Inc.	Financial Advisor
Published	10/17/2025	Inky Technology	Mergers & Acquisitions	Sell-Side		Image Image	Technology, Security	Piper Sandler served as sell-side advisor for Inky Technology on its sale to Kaseya	Inky Technology has been acquired by Kaseya	Financial Advisor
Published	10/16/2025	Bank or Montreal	Mergers & Acquisitions	Division Carve Out		Image Image	Financial Services, Depositories	Piper Sandler served as financial advisor for Bank of Montreal on its announced branch sale to First Citizens Bancshares	Bank of Montreal has agreed to sell 138 branches to First Citizens Bank	Financial Advisor
Published	10/16/2025	Praxis Precision Medicines	Equity Capital Markets	CMFO	$603.8 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Praxis Precision Medicines on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner