Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	05/30/2025	Birkenstock Holding	Equity Capital Markets	CMFO	$845.2 Million	Image	Consumer, Retail & Disruptive Commerce	Piper Sandler served as co-manager for Birkenstock Holding plc on it CMFO	Confidentially Marketed Follow-On Offering	Co-Manager
Published	05/30/2025	Terminus Capital	Private Capital Advisory	Private Funds	$250.0 Million	Image	Private Capital Advisory	Raised hard cap on oversubscribed Fund I focused on control transactions in under-optimized lower middle-market B2B software companies	Fund I	Sole Placement Agent
Published	05/30/2025	Citadel Casing Solutions LLC	Mergers & Acquisitions	Sell-Side		Image Image Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as sell-side advisor for Citadel, a portfolio company of Natural Gas Partners (“NGP”), in the acquisition to Innovex	Citadel Casing Solutions, a portfolio company of Natural Gas Partners, has been acquired by Innovex
Published	05/29/2025	Galaxy Digital Holdings Ltd.	Equity Capital Markets	Follow-On Offering	$683.6 Million	Image	Financial Services, FinTech	Piper Sandler served as bookrunner for Galaxy Digital Holdings Ltd. on its follow-on offering	Follow-On Offering	Passive Bookrunner
Published	05/29/2025	Seacoast Banking Corp. of Florida	Mergers & Acquisitions	Merger	$710.8 Million	Image Image	Financial Services, Depositories	Piper Sandler has advised Seacoast Banking Corporation of Florida on its announced acquisition of Villages Bancorporation	Seacoast Banking Corporation of Florida has agreed to acquire Villages Bancorporation	Financial Advisor
Published	05/28/2025	Taysha Gene Therapies	Equity Capital Markets	Confidentially Marketed Follow-On Offering	$200.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Taysha Gene Therapies on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	05/26/2025	Shelf Subsea Services Pte. Ltd.	Mergers & Acquisitions	Sell-Side		Image Image Image Image	Energy, Power & Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as sell-side advisor for Shelf Subsea, a portfolio company of SCF Partners and Viburnum Funds, in the acquisition to DeepOcean	Shelf Subsea, a portfolio company of SCF Partners & Viburnum Funds, has been acquired by DeepOcean	Financial Advisor
Published	05/23/2025	Benson Hill Biosystems, Inc.	Restructuring	§363 Sale		Image Image	Consumer, Agriculture & Biorenewables	Piper Sandler served as advisor for Benson Hill, Inc. in connection with its chapter 11 and sale process	Benson Hill has been acquired by Confluence Genetics through a §363 Sale	Financial Advisor
Published	05/21/2025	Lido Advisors	Mergers & Acquisitions	Sell-Side		Image Image	Financial Services, Asset & Wealth Management	On May 21, 2025, Lido Advisors (“Lido”), a wealth advisory firm headquartered in Los Angeles, California, announced a strategic investment from HPS Investment Partners (“HPS”)	Lido has agreed to a strategic investment from HPS	Financial Advisor
Published	05/21/2025	Hinge Health, Inc.	Equity Capital Markets	IPO	$502.9 Million	Image	Technology, Software	Piper Sandler served as bookrunner for Hinge Health, Inc. on its IPO	Initial Public Offering	Passive Bookrunner
Published	05/21/2025	CFSB Bancorp, Inc.	Mergers & Acquisitions	Merger		Image Image	Financial Services, Depositories	Piper Sandler served as financial advisor for CFSB Bancorp, Inc. on its announced merger with Hometown Financial Group, Inc.	CFSB Bancorp, Inc. has agreed to merge with Hometown Financial Group	Financial Advisor
Published	05/20/2025	Union Bank	Equity Capital Markets	At the Market Offering		Image	Financial Services, Depositories	Piper Sandler served as placement agent for Union Bank on an ATM offering	ATM Program Common Stock	Sole Placement Agent
Published	05/19/2025	Agio Technology, LLC	Mergers & Acquisitions	Sell-Side		Image Image Image	Technology, Technology Services	Piper Sandler served as sell-side advisor for Agio, in the acquisition to Netrio, a portfolio company of L Squared Capital Partners	Agio has been acquired by Netrio, a portfolio company of L Squared Capital Partners	Financial Advisor
Published	05/16/2025	Terraform Labs PTE. Ltd.	Restructuring	Chapter 11 Reorganization		Image	Technology, Software	Piper Sandler is serving as a Plan Administrator on behalf of the Wind Down Trust in connection with the estate’s pursuit of $5B+ crypto loss claims	Post-Chapter 11 Wind Down Trust	Financial Advisor
Published	05/15/2025	ConnectOne Bancorp, Inc.	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$200.0 Million	Image	Financial Services, Depositories	Piper Sandler served as bookrunner for ConnectOne Bancorp, Inc. on its subordinated notes offering	Subordinated Notes Offering	Active Bookrunner
Published	05/14/2025	Savers Value Village	Equity Capital Markets	Follow-On Offering	$138.7 Million	Image	Consumer, Retail & Disruptive Commerce	Piper Sandler served as bookrunner for Savers Value Village, Inc. on its follow-on offering	Follow-On Offering	Passive Bookrunner
Published	05/14/2025	VeraBank	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 VeraBank on its subordinated notes offering	Subordinated Notes Offering	Sole Placement Agent
Published	05/14/2025	Klaviyo Inc.	Equity Capital Markets	Follow-On Offering	$372.9 Million	Image	Technology, Software	Piper Sandler served as bookrunner for Klaviyo Inc. on its follow-on offering	Follow-On Offering	Passive Bookrunner
Published	05/13/2025	First Busey Corporation	Equity Capital Markets	Preferred Stock	$215.0 Million	Image	Financial Services, Depositories	Piper Sandler served as lead book-running manager for First Busey Corporation on its perpetual preferred stock	Perpetual Preferred Stock	Lead Bookrunner
Published	05/12/2025	CytomX Therapeutics Inc.	Equity Capital Markets	Follow-On Offering		Image	Healthcare, Biopharma	Piper Sandler served as Co-Manager for CytomX Therapeutics Inc. on its follow on offering	Follow-On Offering	Co-Manager