NOTICE OF CHANGE IN CONTROL OF STATE TRUST COMPANY Trident VIII, L.

Published May 19, 2021 at 3:01 AM

NOTICE OF CHANGE IN
CONTROL OF STATE TRUST
COMPANY
Trident VIII, L.P., Trident VIII Parallel Fund, L.P., Trident VIII DE Parallel Fund, L.P., Trident VIII Professionals Fund, L.P., Mercury Parent Holdings, Inc., Mercury Intermediate I, Inc., Mercury Intermediate II, Inc. and Mercury Merger Sub, Inc. have applied to the North Dakota Department of Financial Institutions and the North Dakota State Banking Board (the "Board") for permission to indirectly acquire 25 percent or more of the shares and thereby control of Ascensus Trust Company, Fargo, North Dakota by merger of Mercury Merger Sub, Inc. with and into AqGen Island Holdings, Inc., the indirect parent holding company of Ascensus Trust Company ("Ascensus Parent"). As of April 22, 2021, the issued and outstanding shares of Ascensus Parent capital stock of consists of (i) 67,040.73 shares of Series A1 Preferred Stock, (ii) 35,457.96 shares of Series A2 Preferred Stock and (iii) 298,680.81 shares of Common Stock. All such shares of Ascensus Parent capital stock issued and outstanding at the time of the merger will be converted into the right to receive its proportionate share of an amount of cash equal to the closing merger consideration and post-closing merger consideration, if any, due under the merger agreement.
The Department and the Board consider a number of factors in deciding whether to approve the notice.
You are invited to submit comments in writing on this notice to the Board, Attention: Commissioner Kruse, 2000 Schafer Street, Suite G, Bismarck, ND 58501-1204, or via email: dfi@nd.gov. The comment period will end May 29, 2021. The application may be requested or reviewed in the office of the Department. If you need more information about how to submit your comments on the notice or to obtain copies of relevant procedures, contact Corey Krebs, Secretary of the Board, (701) 328-9933. The Board will consider your comments and any request for a public meeting or formal hearing on the notice if they are received in writing by the Board on or before the last day of the comment period.
(May 19, 2021)2888936