Marathon Bancorp, operating as the parent company of Marathon Bank, has successfully completed its transformation from a mutual holding company to a traditional stock holding company. This significant change coincides with the completion of its related stock offering.
In the recent stock offering, Marathon Bancorp sold a total of 1,693,411 shares. After incorporating the exchange of minority shares, the company now has roughly 2,942,064 shares of common stock in circulation, prior to adjustments for fractional shares.
The newly restructured stock is officially traded on the Nasdaq Capital Market with the ticker symbol "MBBC". This strategic move marks a pivotal step in Marathon Bancorp's operational and market strategy.
