Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	11/28/2025	Brooge Petroleum and Gas Investment Company	Mergers & Acquisitions	Sell-Side		Image Image	Energy, Power & Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as sell-side advisor for Brooge Petroleum and Gas Investment Company on its sale of assets and subsidiaries to Gulf Navigation	Brooge Petroleum and Gas Investment Company has sold its assets and subsidiaries to Gulf Navigation	Financial Advisor
Published	11/24/2025	Blue Foundry Bancorp	Mergers & Acquisitions	Sell-Side	$243.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for Blue Foundry Bancorp on its announced merger with Fulton Financial Corporation	Blue Foundry Bancorp has agreed to merge with Fulton Financial Corporation	Financial Advisor
Published	11/21/2025	Citizens National Bank of Texas	Debt Capital Markets	Subordinated Notes	$35.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Citizens National Bank of Texas on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	11/21/2025	Compeer Financial	Equity Capital Markets	Preferred Stock	$300.0 Million	Image	Financial Services	Piper Sandler served as sole initial purchaser for Compeer Financial on its perpetual preferred stock	Perpetual Preferred Stock	Sole Initial Purchaser
Published	11/20/2025	Pinnacle Financial Corporation	Mergers & Acquisitions	Buy-Side		Image Image	Financial Services, Depositories	Piper Sandler served as buy side advisor for Pinnacle Financial Corporation on its announced merger with Morris State Bank	Pinnacle Financial Corporation has agreed to merge with the holding company for Morris State Bank	Financial Advisor
Published	11/19/2025	Central Bancompany	Equity Capital Markets	IPO	$373.0 Million	Image	Financial Services, Depositories	Piper Sandler served as bookrunner for Central Bancompany on its IPO	Initial Public Offering	Joint Bookrunner
Published	11/17/2025	Dickinson Financial Corporation	Debt Capital Markets	Subordinated Notes	$65.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Dickinson Financial Corporation on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	11/17/2025	Shore Bancshares	Debt Capital Markets	Subordinated Notes	$60.0 Million	Image	Financial Services, Depositories	Piper Sandler served as lead placement agent for Shore Bancshares, Inc. on its subordinated notes offering	Subordinated Notes	Lead Placement Agent
Published	11/17/2025	Redwood Trust	Debt Capital Markets	Senior Notes	$100.0 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as bookrunner for Redwood Trust on its senior notes offering	Senior Notes	Joint Bookrunner
Published	11/13/2025	Fennec Pharmaceuticals	Equity Capital Markets	CMFO	$40.2 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Fennec Pharmaceuticals on its CMFO	Confidentially Marketed Follow-On Offering	Lead Bookrunner
Published	11/12/2025	Nektar Therapeutics	Financing, Equity Capital Markets	At the Market Offering	$110.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as lead sales agent for Nektar Therapeutics on an ATM offering	ATM Program Common Stock	Lead Sales Agent
Published	11/12/2025	Inventiva Pharma	Equity Capital Markets	CMFO	$172.5 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Inventiva Pharma on its CMFO	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	11/12/2025	MultiPlan, Inc.	Equity Capital Markets	CMFO		Image	Healthcare	Piper Sandler served as bookrunner for MultiPlan, Inc. on its CMFO	Confidentially Marketed Follow-On Offering	Passive Bookrunner
Published	11/12/2025	Creative Media & Community Trust	Mergers & Acquisitions	Sell-Side	$44.0 Million	Image Image	Financial Services, Real Estate	Piper Sandler served as financial advisor for Creative Media & Community Trust on the announced sale of its lending division to an affiliate of Peachtree Group	Creative Media & Community Trust has agreed to sell its lending division to an affiliate of Peachtree Group	Financial Advisor
Published	11/12/2025	Univest Financial Corporation	Debt Capital Markets	Subordinated Notes	$50.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Univest Financial Corporation on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	11/11/2025	Inovio Pharmaceuticals	Equity Capital Markets	CMFO	$28.8 Million	Image	Healthcare, Biopharma	Piper Sandler served as manager for Inovio Pharmaceuticals on its CMFO	Confidentially Marketed Follow-On Offering	Sole Manager
Published	11/10/2025	Ranger Energy Services	Mergers & Acquisitions	Buy-Side	$90.5 Million	Image Image Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as buy-side advisor for Ranger Energy Services on its acquisition of American Well Services, a portfolio company of Argonaut Private Equity	Ranger Energy Services has acquired American Well Services, a portfolio company of Argonaut Private Equity	Financial Advisor
Published	11/10/2025	BFG Supply Co., LLC	Restructuring	Special Situations Financing	$300.0 Million	Image	Consumer	Piper Sandler served as advisor to the company on its $300M recapitalization and new money transaction	Recapitalization	Financial Advisor
Published	11/07/2025	Obsidian Insurance Holdings	Debt Capital Markets	Senior Notes	$40.0 Million	Image	Financial Services, Insurance	Piper Sandler served as sole placement agent for Obsidian Insurance Holdings on its senior unsecured notes offering	Senior Unsecured Notes	Sole Placement Agent
Published	11/06/2025	Total Sand Solutions	Mergers & Acquisitions	Buy-Side		Image Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as buy-side advisor for Total Sand Solutions on its acquisition of Sand Revolution	Total Sand Solutions has acquired Sand Revolution	Financial Advisor