secwatch.observer — SEC 8-K summary
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Issuer:     Merchants Bancorp (MBIN)
CIK:        0001629019
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001104659-24-062511
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1629019/000110465924062511/0001104659-24-062511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1629019/000110465924062511/tm2413985d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-062511

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