Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	08/29/2025	ncgCARE	Financing, Debt Capital Markets	Unitranche Debt	$59.0 Million	Image	Healthcare, Healthcare Services	Piper Sandler served as sole placement agent for ncgCARE 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	08/29/2025	Raken	Mergers & Acquisitions	Sell-Side		Image Image	Technology, Software	Piper Sandler served as sell-side advisor for Raken on its strategic investment from Sverica	Raken has received a growth investment from Sverica	Financial Advisor
Published	08/29/2025	MeQuilibrium	Mergers & Acquisitions	Sell-Side		Image Image Image	Technology, Software	Piper Sandler served as sell-side advisor for MeQuilibrium on its merge with Rippleworx, a portfolio of Bow River Capital	MeQuilibrium has merged with Rippleworx, a portfolio company of Bow River Capital	Financial Advisor
Published	08/26/2025	Meridian Adhesives Group	Mergers & Acquisitions	Division Carve Out		Image Image Image Image	Chemicals	Piper Sandler served as financial advisor for Meridian Adhesives Group on the sale of its flooring adhesives business to Avery Dennison	Avery Dennison has acquired the flooring business of Meridian Adhesives Group from American Securities and Arsenal Capital Partners	Financial Advisor
Published	08/21/2025	Minnwest Corporation	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$50.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Minnwest Corporation on its subordinated note offering	Subordinated Notes	Sole Placement Agent
Published	08/20/2025	Dogwood State Bank	Mergers & Acquisitions	Sell-Side	$476.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for Dogwood State Bank on its agreed merge with TowneBank	Dogwood State Bank has agreed to merge with TowneBank	Financial Advisor
Published	08/20/2025	M1 Bancshares, Inc.	Mergers & Acquisitions	Sell-Side		Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for M1 Bancshares, Inc. on its agreed merge with Reliable Community Bancshares, Inc.	M1 Bancshares, Inc. has agreed to merge with Reliable Community Bancshares, Inc.	Financial Advisor
Published	08/19/2025	Bright Minds Biosciences	Equity Capital Markets	At the Market Offering	$100.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as lead sales agent for Bright Minds Biosciences on an ATM offering	ATM Program Common Stock	Lead Sales Agent
Published	08/19/2025	Optoro	Mergers & Acquisitions	Sell-Side		Image Image	Technology, Software	Piper Sandler served as sell-side advisor for Optoro on its sale to Blue Yonder	Optoro has been acquired by Blue Yonder	Financial Advisor
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, Debt Capital Markets - Depositories, Real Estate & Financial Services	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, Debt Capital Markets - Depositories, Real Estate & Financial Services	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	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	08/14/2025	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	The Bancorp	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	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	08/12/2025	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	08/12/2025	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	08/11/2025	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