MergerMay 1, 2026, 11:21 AM
LNKB Completes Merger with Burke & Herbert Financial Services
AI Summary
LINKBANCORP, Inc. (LNKB) completed its previously announced merger with Burke & Herbert Financial Services Corp. on May 1, 2026. As part of the transaction, LNKB merged into Burke & Herbert, with Burke & Herbert continuing as the surviving corporation, and LINKBANK merged into Burke & Herbert Bank & Trust Company. Each outstanding LNKB common stock share was converted into the right to receive 0.1350 shares of Burke & Herbert common stock. LNKB equity-based awards and warrants were also converted or assumed based on the exchange ratio. Consequently, LNKB common stock will be delisted from the Nasdaq Capital Market.
Key Highlights
- Merger between LINKBANCORP, Inc. and Burke & Herbert Financial Services Corp. completed on May 1, 2026.
- LNKB merged into Burke & Herbert; LINKBANK merged into Burke & Herbert Bank & Trust Company.
- Each LNKB common stock share converted into 0.1350 shares of Burke & Herbert common stock.
- LNKB time-vesting restricted shares fully vested and converted to merger consideration.
- LNKB restricted stock units fully vested and converted to merger consideration.
- LNKB stock options assumed by Burke & Herbert, adjusted by the exchange ratio.
- LNKB warrants converted into Burke & Herbert warrants, adjusted by the exchange ratio.
- LNKB common stock will be delisted from the Nasdaq Capital Market.