{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-062511","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.320460+00:00","generated_at":"2026-06-01T21:17:22.105886+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Merchants Bancorp raises $98M in common stock offering at $43/share","bullets":["Launched and priced offering of 2,400,000 shares of common stock at $43.00 per share.","Net proceeds expected to be approximately $97.6 million after underwriting discounts and expenses.","Underwriters granted 30-day option to purchase up to an additional 360,000 shares at the same price.","Proceeds to be used for general corporate purposes, including balance sheet growth of the Bank.","Offering closed on May 16, 2024; Morgan Stanley served as lead bookrunner."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-062511","json":"https://secwatch.observer/filing/0001104659-24-062511.json","markdown":"https://secwatch.observer/filing/0001104659-24-062511.md","text":"https://secwatch.observer/filing/0001104659-24-062511.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924062511/0001104659-24-062511-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924062511/tm2413985d4_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T21:17:22.105886+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":[{"claim_id":"b2f45e8b05bfb28b2b4867478300b43dc32726e8","claim":"Merchants Bancorp entered into Underwriting Agreement with Morgan Stanley & Co. LLC. (effective 2024-05-13).","evidence_excerpt":"On May 13, 2024, Merchants Bancorp (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC., as representative of the several underwriters named in Schedule I thereto (collectively, the “Underwriters”), to issue and sell 2,400,000 shares of the Company’s common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924062511/0001104659-24-062511-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC."},{"label":"Effective","value":"2024-05-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}