BV Financial Confirms 'Emerging Growth Company' Status in 8-K
Ticker: BVFL · Form: 8-K · Filed: Jan 23, 2024 · CIK: 1302387
| Field | Detail |
|---|---|
| Company | Bv Financial, Inc. (BVFL) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, emerging-growth-company
TL;DR
**BVFL is an 'emerging growth company,' meaning less red tape but also less public info for investors.**
AI Summary
BV Financial, Inc. (trading as BVFL on Nasdaq) filed an 8-K on January 23, 2024, to report that it is an "emerging growth company" as defined by the SEC. This status means the company qualifies for certain exemptions from reporting requirements, which can reduce compliance costs. For investors, this matters because it indicates BVFL is a relatively smaller, newer public company, which might imply higher growth potential but also potentially less transparency compared to larger, more established firms.
Why It Matters
This status allows BV Financial to operate with reduced regulatory burdens, potentially saving money, but also means investors will have access to less detailed financial information than from larger companies.
Risk Assessment
Risk Level: low — This filing is purely informational and does not introduce new financial risks or operational changes; it merely confirms a regulatory status.
Analyst Insight
A smart investor would note BVFL's 'emerging growth company' status, understanding it implies less regulatory disclosure, and factor this into their due diligence, potentially seeking alternative data sources for a comprehensive view of the company.
Key Players & Entities
- BV Financial, Inc. (company) — the registrant filing the 8-K
- Nasdaq Stock Market LLC (company) — the exchange where BVFL common stock is registered
- BVFL (company) — the trading symbol for BV Financial, Inc.
- January 23, 2024 (date) — date of earliest event reported and filing date
FAQ
What is the purpose of BV Financial, Inc.'s 8-K filing on January 23, 2024?
The purpose of BV Financial, Inc.'s 8-K filing on January 23, 2024, is to report 'Other Events' and 'Financial Statements and Exhibits,' specifically confirming its status as an 'emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
What is BV Financial, Inc.'s trading symbol and on which exchange is it registered?
BV Financial, Inc.'s trading symbol is BVFL, and its Common Stock, par value $0.01 per share, is registered on The Nasdaq Stock Market LLC.
What is the state of incorporation for BV Financial, Inc.?
BV Financial, Inc. is incorporated in Maryland, as stated in the filing under 'State or Other Jurisdiction of Incorporation'.
What is the business address and phone number of BV Financial, Inc.?
The business address of BV Financial, Inc. is 7114 North Point Blvd., Baltimore, Maryland, 21219, and its telephone number is 410-477-5000.
What does being an 'emerging growth company' mean for BV Financial, Inc.?
Being an 'emerging growth company' means BV Financial, Inc. qualifies for certain exemptions from reporting requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934, which can reduce the costs and burdens of compliance with federal securities laws.
Filing Stats: 426 words · 2 min read · ~1 pages · Grade level 10.1 · Accepted 2024-01-23 16:36:43
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share BVFL The Nasdaq Stock Mar
Filing Documents
- bvfl-20240123.htm (8-K) — 37KB
- bvfl-ex99_1.htm (EX-99.1) — 813KB
- 0000950170-24-006553.txt ( ) — 989KB
- bvfl-20240123.xsd (EX-101.SCH) — 24KB
- bvfl-20240123_htm.xml (XML) — 5KB
01. Other Events
Item 8.01. Other Events. On January 23, 2024, BV Financial, Inc. (the “Company”), the holding company for BayVanguard Bank, issued a press release announcing its financial results for the three months ended December 31, 2023. A copy of the Company's press release is attached as Exhibit 99.1 and is furnished herewith.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated January 23, 2024 104 Cover Page Interactive Data File (embedded within Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BV FINANCIAL, INC. Date: January 23, 2024 By: /s//: Michael J. Dee Michael J. Dee Chief Financial Officer