Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	07/22/2025	North Square Investments	Mergers & Acquisitions	Sell-Side		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as sell-side advisor for North Square Investments on its announced acquisition by Azimut	North Square Investments has agreed to be acquired by Azimut	Financial Advisor
Published	07/22/2025	Carlsmed	Equity Capital Markets	IPO	$100.5 Million	Image	Healthcare, Med-Tech	Piper Sandler served as bookrunner for Carlsmed on its IPO	Initial Public Offering	Active Bookrunner
Published	07/22/2025	Eastern Michigan Financial Corporation	Mergers & Acquisitions	Sell-Side	$96.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for Eastern Michigan Financial Corporation on its agreed merge with Mercantile Bank Corporation	Eastern Michigan Financial Corporation has agreed to merge with Mercantile Bank Corporation	Financial Advisor
Published	07/21/2025	Joseph's Pasta Company	Mergers & Acquisitions	Sell-Side		Image Image Image Image	Consumer, Food & Beverage	Piper Sandler served as sell-side advisor for Joseph's Gourmet Pasta Company, a portfolio company of LaSalle Capital, in the acquisition by Turri's Italian Foods, a portfolio company of Benford Capital	Joseph's Pasta Company, a portfolio company of LaSalle Capital, has been acquired by Turri's Italian Foods, a portfolio company of Benford Capital Capital	Financial Advisor
Published	07/18/2025	Bank First Corporation	Mergers & Acquisitions	Buy-Side	$174.0 Million	Image Image	Financial Services, Depositories	Piper Sandler has advised Bank First Corporation on its announced acquisition of Centre 1 Bancorp, a holding company of First National Bank and Trust Company	Bank First has agreed to acquire First National Bank and Trust Company	Financial Advisor
Published	07/18/2025	Ragnarok Technologies	Mergers & Acquisitions	Sell-Side		Image Image Image	Technology, Defense & Government	Piper Sandler served as sell-side advisor for Ragnarok Technologies on its sale to CASE, a portfolio company of AE Industrial Partners	Ragnarok Technologies has been acquired by CASE, a portfolio company of AE Industrial Partners	Financial Advisor
Published	07/17/2025	Equity Bancshares, Inc.	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$75.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Equity Bancshares, Inc on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	07/16/2025	F&M Financial Corporation	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$60.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for F&M Financial Corporation on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	07/15/2025	Civista Bancshares	Equity Capital Markets	Confidentially Marketed Follow-On Offering	$70.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole bookrunning manager for Civista Bancshares on its common stock offering	Follow-On Common Stock Offering	Active Bookrunner
Published	07/11/2025	Milestone Pharmaceuticals	Equity Capital Markets	CMFO		Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Milestone Pharmaceuticals on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	07/10/2025	Civista Bancshares	Mergers & Acquisitions	Buy-Side	$70.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as buy-side advisor for Civista Bancshares, on its agreed acquisition of The Farmers Savings Bank	Civista Bancshares has agreed to acquire The Farmers Savings Bank	Financial Advisor
Published	07/08/2025	New York Mortgage Trust	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Senior Notes	$90.0 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as bookrunner for New York Mortgage Trust on its senior notes offering	Senior Notes	Active Bookrunner
Published	07/06/2025	Eudia	Mergers & Acquisitions	Buy-Side		Image Image Image	Technology, Technology Services	Piper Sandler served as buy-side advisor for Eudia, a portfolio company of General Catalyst, on its acquisition of Johnson Hana	Eudia, portfolio company of General Catalyst, has acquired Johnson Hana	Financial Advisor
Published	07/03/2025	Eos Fitness Holdings, LLC	Mergers & Acquisitions	Sell-Side		Image Image Image	Consumer, Health & Wellness Services	Piper Sandler served as the lead financial advisor for Eos Fitness, a portfolio company of BRS, in acquisition to TSG Consumer	EoS Fitness, a portfolio company of BRS, has been acquired by TSG Consumer	Financial Advisor
Published	07/02/2025	Inovio Pharmaceuticals, Inc.	Equity Capital Markets	CMFO	$25.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Inovio Pharmaceuticals, Inc. on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	07/01/2025	CoastalSouth Bancshares, Inc.	Equity Capital Markets	IPO	$43.8 Million	Image	Financial Services, Depositories	Piper Sandler served as bookrunner for CoastalSouth Banchsares, Inc. on its IPO	Initial Public Offering	Active Bookrunner
Published	06/30/2025	Lawrence Bancshares, Inc.	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$47.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Lawrence Bancshares, Inc. on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	06/30/2025	Finnebrogue	Mergers & Acquisitions	Sell-Side		Image Image	Consumer, Food & Beverage	Piper Sandler served as financial advisor for Finnebrogue on its sale to Sofina	Finnebrogue has been acquired by Sofina	Financial Advisor
Published	06/30/2025	Nektar Therapeutics	Equity Capital Markets	CMFO	$100.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Nektar Therapeutics on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	06/25/2025	The Akkermansia Company	Mergers & Acquisitions	Sell-Side		Image Image	Consumer, Food & Beverage	Piper Sandler served as sell-side advisor for The Akkermansia Company on its sale to Danone	The Akkermansia Company has been acquired by Danone	Financial Advisor