{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-120881","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2024-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.034215+00:00","generated_at":"2026-05-29T21:50:46.300898+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Merchants Bancorp prices $230M 7.625% Series E preferred stock offering to redeem Series B preferred","bullets":["Offering of 9.2M depositary shares at $25 each, representing Series E 7.625% non-cumulative perpetual preferred stock.","Dividends at 7.625% payable quarterly starting Jan 1, 2025; redeemable at $25 per share at Merchants' option.","Net proceeds to redeem existing Series B preferred stock and for general corporate purposes.","Expected close Nov 25, 2024; joint bookrunners: Morgan Stanley, UBS, Piper Sandler, Raymond James."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-120881","json":"https://secwatch.observer/filing/0001104659-24-120881.json","markdown":"https://secwatch.observer/filing/0001104659-24-120881.md","text":"https://secwatch.observer/filing/0001104659-24-120881.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924120881/0001104659-24-120881-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924120881/tm2425445d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T21:50:46.300898+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"}