Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	12/14/2022	Malvern Bancorp, Inc.	Mergers & Acquisitions	Sell-Side	$150.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for Malvern Bancorp, Inc. on announced merger with First Bank	Malvern Bancorp, Inc. has agreed to merge with First Bank	Financial Advisor
Published	12/14/2022	The Community Financial Corporation	Mergers & Acquisitions	Sell-Side	$254.4 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for The Community Financial Corporation on announced merger with Shore Bancshares, Inc.	The Community Financial Corporation has agreed to merge with Shore Bancshares, Inc.	Financial Advisor
Published	12/13/2022	Ion Financial, MHC	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$20.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Ion Financial, MHC on a 7.50% fixed-to-floating rate subordinated notes offering due in 2032	Subordinated Notes	Sole Placement Agent
Published	12/13/2022	BJ Energy	Financing, Debt Capital Markets	Senior Secured Debt	$100.0 Million	Image	Energy & Power, Oilfield Services & Equipment	Piper Sandler served as financial advisor and sole debt placement agent for BJ Energy on an ABL Revolver	ABL Revolver	Financial Advisor
Published	12/12/2022	ImmunityBio	Financing, Equity Capital Markets	Registered Direct	$50.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as sole placement agent for ImmunityBio on a registered direct offering	Registered Direct	Sole Placement Agent
Published	12/12/2022	PSB Holding Corp.	Mergers & Acquisitions	Sell-Side	$53.9 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for PSB Holding Corp. on announced merger with Summit Financial Group	PSB Holding Corp. has agreed to merge with Summit Financial Group	Financial Advisor
Published	12/09/2022	BJ Energy Solutions	Financing, Debt Capital Markets	Senior Notes	$100.0 Million	Image	Energy & Power, Energy & Power Infrastructure	Piper Sandler served as sole placement agent for BJ Energy Solutions on an ABL revolver	ABL Revolver	Sole Placement Agent
Published	12/08/2022	Replimune Group, Inc.	Financing, Equity Capital Markets	Follow-On Offering	$258.8 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Replimune Group, Inc. on a follow-on offering	Follow-On Offering	Active Bookrunner
Published	12/07/2022	Graybug Vision, Inc.	Mergers & Acquisitions	Sell-Side	$140.0 Million	Image Image	Healthcare, Biopharma	Piper Sandler served as sell-side advisor for Graybug Vision, Inc. on sale to CalciMedica, Inc.	Graybug Vision, Inc. has sold to CalciMedica, Inc.	Financial Advisor
Published	12/07/2022	X4 Pharmaceuticals Inc.	Financing, Equity Capital Markets	Follow-On Offering	$65.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as left bookruuner for X4 Pharmaceuticals Inc. on a follow-on offering	Follow-On Offering	Left Bookrunner
Published	12/05/2022	Karyopharm Therapeutics, Inc.	Financing, Equity Capital Markets	PIPE	$165.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as joint placement agent for Karyopharm Therapeutics, Inc. on a PIPE offering	PIPE	Left Bookrunner
Published	12/05/2022	Boost Drinks Limited	Mergers & Acquisitions	Sell-Side	$25.0 Million	Image Image	Consumer, Food & Beverage	Piper Sandler served as sell-side advisor for Boost Drinks Limited on sale to A.G. Barr	Boost Drinks Limited has been acquired by A.G. Barr	Financial Advisor
Published	12/04/2022	Miles	Private Capital Advisory, Capital Solutions	Capital Solutions		Image	Private Capital Advisory	Piper Sandler raised a senior secured asset backend financing to finance future growth of Miles	Senior secured asset	Financial Advisor
Published	12/02/2022	Shoals Technologies Group, Inc.	Financing, Equity Capital Markets	Follow-On Offering	$665.3 Million	Image	Energy & Power, Renewables & Clean Energy	Piper Sandler served as co-manager for Shoals Technologies Group, Inc. on a follow-on offering	Follow-On Offering	Co-Manager
Published	12/01/2022	NBT Bancorp Inc.	Mergers & Acquisitions	Buy-Side	$204.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as buy-side advisor for NBT Bancorp Inc. on announced acquisition of Salisbury Bancorp, Inc.	NBT Bancorp Inc. has agreed to acquire Salisbury Bancorp, Inc.	Financial Advisor
Published	12/01/2022	Auldbrass Partners	Private Capital Advisory, Private Funds	Private Funds	$200.0 Million	Image	Private Capital Advisory	Piper Sandler serves as sole placement agent for Auldbras Partners on the raise of growth secondaries fund	Growth Secondaries Fund	Sole Placement Agent
Published	12/01/2022	Aspen Aerogels, Inc.	Financing, Equity Capital Markets	Confidentially Marketed Follow-On Offering	$276.0 Million	Image	Energy & Power, Renewables & Clean Energy	Piper Sandler served as bookrunner for Aspen Aerogels, Inc. on a confidentially marketed follow-on offering	Confidentially Marketed Follow-On Offering	Passive Bookrunner
Published	12/01/2022	Marine Bancorp, Inc.	Mergers & Acquisitions	Merger		Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for Marine Bancorp, Inc. on announced merger with Hometown Community Bancorp, Inc.	Marine Bancorp, Inc. has agreed to merge with Hometown Community Bancorp, Inc.	Financial Advisor
Published	12/01/2022	Lorient Capital	Private Capital Advisory, Secondary Capital	Secondary Capital	$303.0 Million	Image	Private Capital Advisory	Piper Sandler served as co-advisor to Lorient Capital on its Single Asset Continuation Vehicle	Single Asset Continuation Vehicle	Secondary Advisor
Published	12/01/2022	LongPath Technologies	Financing, Equity Private Placements	Minority Capital Raise	$22.4 Million	Image	Energy & Power, Energy Technology, Renewables & Clean Energy	Piper Sandler served as sole financial advisor for LongPath Technologies on a Series A funding led by White Deer Energy	Series A Preferred Stock	Financial Advisor