---
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"
generated_at: "2026-06-01T21:17:22.105886+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Merchants Bancorp raises $98M in common stock offering at $43/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-062511
- JSON: https://secwatch.observer/filing/0001104659-24-062511.json
- Plain text: https://secwatch.observer/filing/0001104659-24-062511.txt

## Key facts
- Material Agreements
  Merchants Bancorp entered into Underwriting Agreement with Morgan Stanley & Co. LLC. (effective 2024-05-13).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Morgan Stanley & Co. LLC.
  - Effective: 2024-05-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465924062511/0001104659-24-062511-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.