secwatch.observer — SEC 8-K summary
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Issuer:     Merchants Bancorp (MBIN)
CIK:        0001629019
Form:       8-K
Filed at:   2022-09-27T23:59:59+00:00
Accession:  0001104659-22-103325
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Merchants Bancorp closes $130M preferred stock offering; net proceeds ~$125.3M
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- Issued 5.2M depositary shares (1/40th interest) of 8.25% Fixed Rate Reset Series D Preferred Stock at $25/share.
- Net proceeds of approximately $125.3M after underwriting discounts and estimated expenses.
- Underwriters granted 30-day option to purchase up to 780k additional depositary shares for over-allotments.
- Joint book-runners: Piper Sandler & Co., Morgan Stanley & Co. LLC, UBS Securities LLC.
- Articles of amendment filed to authorize 149,500 shares of Series D Preferred Stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1629019/000110465922103325/0001104659-22-103325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1629019/000110465922103325/tm2226710d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-103325

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