Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	10/01/2025	Unit Corporation	Mergers & Acquisitions	Sell-Side	$120.0 Million	Image Image Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as financial advisor for Unit Corporation on its definitive agreement to sell its wholly-owned contract drilling subsidiary, Unit Drilling Company, to Cactus Drilling Company	Unit Drilling Company a wholly-owned subsidiary of Unit Corporation has been acquired by Cactus Drilling Company	Financial Advisor
Published	09/30/2025	Clear Street Capital	Debt Capital Markets - Depositories, Real Estate & Financial Services	Senior Notes	$221.5 Million	Image	Financial Services, FinTech	Piper Sandler served as joint lead placement agent for Clear Street Holdings on its senior unsecured notes offering	Senior Unsecured Notes	Lead Placement Agent
Published	09/30/2025	Cornerstone Capital Bank	Mergers & Acquisitions	Buy-Side		Image Image	Financial Services, Depositories	Piper Sandler has advised Cornerstone Capital Bank on its announced acquisition of Peoples Bank	Cornerstone Capital Bank has agreed to acquire Peoples Bank	Financial Advisor
Published	09/30/2025	Bite Investments	Mergers & Acquisitions	Sell-Side	$25.0 Million	Image Image	Financial Services, FinTech	Piper Sandler served as sell-side advisor for Bite Investments on its strategic growth investment from NewSpring Capital	Bite Investments received a strategic growth investment from NewSpring Capital	Financial Advisor
Published	09/29/2025	Phoenix Physical Therapy	Financing, Debt Capital Markets	Senior Term Loan		Image Image	Healthcare, Healthcare Services	Piper Sandler served as sole placement agent for Phoenix Physical Therapy & Health Services, a portfolio company of Audax Private Equity, on its senior secured term loan and delayed draw term loan & revolver	Sr. Secured Term Loan Delayed Draw Term Loan & Revolver	Sole Placement Agent
Published	09/26/2025	Olympic Bancorp	Mergers & Acquisitions	Sell-Side	$177.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for Olympic Bancorp on its announced merger with Heritage Financial Corporation	Olympic Bancorp has agreed to merge with Heritage Financial Corporation	Financial Advisor
Published	09/25/2025	First Savings Financial Group	Mergers & Acquisitions	Sell-Side	$241.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for First Savings Financial Group on its announced merger with First Merchants Corporation	First Savings Financial Group has agreed to merge with First Merchants Corporation	Financial Advisor
Published	09/25/2025	Orange County Bancorp	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$25.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Orange County Bancorp on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	09/24/2025	CNO Financial Group	Mergers & Acquisitions	Buy-Side		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as buy-side advisor for CNO Financial Group on its strategic minority interest in Victory Park Capital	CNO financial Group has acquired a strategic minority interest in Victory Park Capital	Financial Advisor
Published	09/19/2025	APT Healthcare	Financing, Debt Capital Markets	Senior Term Loan	$135.0 Million	Image Image	Healthcare, Healthcare Services	Piper Sandler served as sole debt placement agent for APT Healthcare, a portfolio company of York Capital Management, on its senior term loan and delayed draw term loan & revolver	Sr. Secured Term Loan Delayed Draw Term Loan & Revolver	Sole Placement Agent
Published	09/19/2025	Netskope	Equity Capital Markets	IPO	$1.0 Billion	Image	Technology, Security	Piper Sandler served as bookrunner for Netskope on its IPO	Initial Public Offering	Passive Bookrunner
Published	09/18/2025	WaterBridge Resources	Equity Capital Markets	IPO	$729.1 Million	Image	Energy, Power & Infrastructure, Energy & Power Infrastructure	Piper Sandler served as bookrunner for WaterBridge Resources on its IPO	Initial Public Offering	Passive Bookrunner
Published	09/18/2025	Rithm Capital	Equity Capital Markets	Preferred Stock	$190.0 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as joint book-running manager for Rithm Capital on its preferred stock offering	Preferred Stock	Joint Bookrunner
Published	09/15/2025	ValiMail	Mergers & Acquisitions	Sell-Side		Image Image	Technology, Security	Piper Sandler served as sell-side advisor for ValiMail on its sale to DigiCert, backed by Clearlake Capital Group, L.P, Crosspoint Capital Partners L.P., and TA Associates Management L.P.	Valmail has been acquired by DigiCert	Financial Advisor
Published	09/12/2025	LB Pharma	Equity Capital Markets	IPO	$327.7 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for LB Pharma on its IPO	Initial Public Offering	Active Bookrunner
Published	09/12/2025	Figure Technology Solutions	Equity Capital Markets	IPO	$906.6 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as co-manager for Figure Technology Solutions on its IPO	Initial Public Offering	Co-Manager
Published	09/10/2025	CAMP4	Equity Capital Markets	PIPE	$100.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as placement agent for CAMP4 on its PIPE offering	PIPE	Sole Placement Agent
Published	09/10/2025	Mascoma Mutual Financial Services	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$25.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Mascoma Mutual Financial Services on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	09/09/2025	Old National Bancorp	Mergers & Acquisitions	Division Carve Out		Image Image Image	Financial Services, Insurance	Piper Sandler served as financial advisor for Old National Bancorp on its sale of Bremer Insurance Agencies to Arthur J. Gallagher & Co.	Old National has sold Bremer Insurance to Arthur J. Gallagher & Co.	Financial Advisor
Published	09/08/2025	Diamondback Energy	Mergers & Acquisitions	Sell-Side	$138.0 Million	Image Image	Energy, Power & Infrastructure, Upstream	Piper Sandler served as sell-side advisor for Diamondback Energy on the sale of its Delaware Basin non-operated assets to Riverbend Energy Group	Diamondback Energy has sold its Delaware Basin non-operated assets to Riverbend Energy Group	Financial Advisor