{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-102683","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2022-09-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.415828+00:00","generated_at":"2026-06-23T07:44:12.573585+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Merchants Bancorp prices $130M perpetual preferred offering at 8.25% fixed rate","bullets":["Offering of 5,200,000 depositary shares representing 8.25% Series D Non-Cumulative Preferred Stock at $25/share.","Dividends at 8.25% through Oct 1, 2027; thereafter reset to 5-year Treasury rate plus 4.34%.","Underwriters have 30-day over-allotment option for up to 780,000 additional shares.","Net proceeds for general corporate purposes and balance sheet growth of Merchants Bank.","Expected closing September 27, 2022, subject to customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-102683","json":"https://secwatch.observer/filing/0001104659-22-102683.json","markdown":"https://secwatch.observer/filing/0001104659-22-102683.md","text":"https://secwatch.observer/filing/0001104659-22-102683.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465922102683/0001104659-22-102683-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465922102683/tm2225754d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T07:44:12.573585+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}