GBNY Overview

OTC Markets Performance: In Q1 2025, the OTCQX Composite Index rose by 10.1%, while the OTCQX Dividend Index increased by 10.9%. However, the OTCQX U.S. Index saw a decline of 6.2%.

Index Changes: A total of 35 new companies joined the OTCQX Composite Index, with 41 removed, while other indexes like the OTCQX Billion+ and OTCQX International also experienced changes in their constituents.

Generations Bancorp NY, Inc. Trading Update: Generations Bancorp NY, Inc., the parent company of Generations Bank, has transitioned from NASDAQ to trade on the OTCQX® Best Market under the symbol "GBNY," providing efficient access to U.S. capital markets for investors.

About OTC Markets Group Inc.: OTC Markets Group operates regulated markets for trading over 12,000 securities and offers a structured environment that promotes transparency and compliance with financial standards for publicly traded companies.

Financial Market Trends: Financial stocks are showing a slight decline in premarket trading, with the Financial Select Sector SPDR Fund (XLF) down 0.1%, while Generations Bancorp (GBNY) shares surged over 36% after announcing plans to delist from Nasdaq.

Corporate Developments: Brookfield Asset Management is selling its 25% stake in First Hydro to CDPQ, resulting in a 3% increase in its shares, whereas BlackRock received approval for a stake in Leonardo but saw a decrease of over 1% in its shares.

Transaction Overview: Generations Bancorp NY, Inc. is selling most of its assets and liabilities to ESL Federal Credit Union for $26.2 million, with shareholders expected to receive between $18.00 and $20.00 per share after the transaction closes in late 2025.

Stock Market Changes: Following the sale, Generations Bancorp plans to delist its common stock from Nasdaq and will begin trading on the OTCQX Market under the symbol "GBNY" starting October 7, 2024.

Maison Solutions Inc. Performance: Shares of Maison Solutions Inc. surged 91.4% in pre-market trading after reporting a 114.49% year-over-year increase in first-quarter sales, reaching $29.60 million.

Market Movements: Other notable pre-market stock movements included Heart Test Laboratories gaining 69.7%, while BioVie Inc. fell 52.4% following a secondary stock offering.

Stock Surge: Generations Bancorp's stock price increased by 40% to $15.40 during pre-market trading following the announcement of its acquisition by ESL Federal Credit Union.

Acquisition Details: ESL Federal Credit Union will acquire all assets and liabilities of Generations Bancorp in an all-cash transaction.