Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	08/15/2025	Miami International Holdings, Inc.	Equity Capital Markets	IPO	$396.7 Million	Image	Financial Services, FinTech	Piper Sandler served as bookrunner for Miami International Holdings, Inc. on its IPO	Initial Public Offering	Active Bookrunner
Published	08/15/2025	USCB Financial Holdings	Financing	Subordinated Notes	$40.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for USCB Financial Holdings on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	08/15/2025	Parkside Financial Bank & Trust	Financing	Subordinated Notes	$18.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Parkside Financial Bank & Trust on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	08/14/2025	The Bancorp	Financing	Senior Notes	$200.0 Million	Image	Financial Services, Depositories	Piper Sandler served as bookrunner for The Bancorp, Inc. on its senior notes offering	Senior Notes	Joint Bookrunner
Published	08/14/2025	Compass Therapeutics	Equity Capital Markets	CMFO	$120.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as active bookrunner for Compass Therapeutics on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	08/14/2025	ProFrac Holding Corp.	Equity Capital Markets	CMFO	$75.0 Million	Image $profrac$	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as bookrunner for ProFrac Holding Corp. on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	08/14/2025	Commercial Credit Group Inc.	Equity Capital Markets	Senior Notes	$75.0 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as sole placement agent for Commercial Credit, Inc. on its senior unsecured notes offering	Senior Unsecured Notes	Sole Placement Agent
Published	08/12/2025	HeartFlow	Equity Capital Markets	IPO	$316.6 Million	Image	Healthcare, Med-Tech	Piper Sandler served as bookrunner for HeartFlow on its IPO	Initial Public Offering	Active Bookrunner
Published	08/12/2025	Immuneering Corp	Equity Capital Markets	At the Market Offering	$100.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as sole sales agent for Immuneering Corp on an ATM Offering	ATM Program Common Stock	Sole Sales Agent
Published	08/12/2025	Zevia	Equity Capital Markets	At the Market Offering	$20.0 Million	Image	Consumer, Food & Beverage	Piper Sandler served as sole sales agent for Zevia on an ATM offering	ATM Program Common Stock	Sole Sales Agent
Published	08/11/2025	Zeo Energy	Mergers & Acquisitions	Buy-Side		Image Image	Energy, Power & Infrastructure, Renewables & Clean Energy	Piper Sandler served as buy-side advisor for Zeo Energy on its acquisition of Heliogen	Zeo Energy has acquired Heligoen	Financial Advisor
Published	08/08/2025	Byline Bancorp	Financing	Subordinated Notes	$75.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Byline Bancorp on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	08/07/2025	Avidbank Holdings, Inc	Equity Capital Markets	IPO	$60.0 Million	Image	Financial Services, Depositories	Piper Sandler served as joint bookrunner for Avidbank Holdings, Inc. on its IPO	Initial Public Offering	Joint Bookrunner
Published	08/07/2025	EverBank Financial Corp	Financing	Subordinated Notes	$200.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole bookrunning manager for EverBank Financial Corp on its subordinated notes offering	Subordinated Notes	Sole Bookrunner
Published	08/06/2025	Philz Coffee	Mergers & Acquisitions	Sell-Side		Image Image	Consumer, Restaurants	Piper Sandler served as sell-side advisor for Philz Coffee, a portfolio company of TPG Growth and Summit Partners, in the acquisition to Freeman Spogli	Philz Coffee has been acquired by Freeman Spogli	Financial Advisor
Published	08/05/2025	Biomea Fusion	Equity Capital Markets	At the Market Offering	$100.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as placement agent for Biomea Fusion on an ATM offering	ATM Program Common Stock	Sole Sales Agent
Published	08/04/2025	Shoulder Innovations	Equity Capital Markets	IPO	$75.0 Million	Image	Healthcare, Med-Tech	Piper Sandler served as bookrunner for Shoulder Innovations, LLC on its IPO	Initial Public Offering	Active Bookrunner
Published	08/01/2025	Orchestra BioMed	Equity Capital Markets	CMFO		Image	Healthcare, Med-Tech	Piper Sandler served as lead left bookrunner and placement agent for Orchestra BioMed, Inc. on its CMFO and concurrent PIPE	Confidentially Marketed Follow-On Offering & PIPE	Active Bookrunner
Published	07/31/2025	Xybion Digital	Mergers & Acquisitions	Sell-Side		Image Image Image	Healthcare, Information-Driven Healthcare	Piper Sandler served as exclusive sell-side advisor for Xybion Digital Inc. on its sale to Instem, a portfolio company of Archimed	Xybion Digital has been acquired by Instem, a portfolio company of Archimed	Financial Advisor
Published	07/31/2025	Plex Solutions	Mergers & Acquisitions	Sell-Side		Image Image Image	Technology, Defense & Government	Piper Sandler served as sell-side advisor for Plex Solutions on its sale to Markon Solutions, backed by Sterling Investment Partners	Plex Solutions LLC has been acquired Markon Solutions	Financial Advisor