{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-122594","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2024-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.034609+00:00","generated_at":"2026-05-29T18:54:28.936130+00:00","sec_items":["3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Merchants Bancorp closes $222.8M depositary share offering of Series E preferred stock","bullets":["Issued 9,200,000 depositary shares (each 1/40th share of 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock).","Net proceeds of approximately $222.8 million after expenses and underwriting discounts and commissions.","Joint bookrunning managers: Morgan Stanley, UBS, Piper Sandler, Raymond James.","Liquidation preference: $25 per depositary share ($1,000 per preferred share).","Closing date: November 25, 2024; shares trade on Nasdaq under symbol MBINL."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-122594","json":"https://secwatch.observer/filing/0001104659-24-122594.json","markdown":"https://secwatch.observer/filing/0001104659-24-122594.md","text":"https://secwatch.observer/filing/0001104659-24-122594.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924122594/0001104659-24-122594-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924122594/tm2429247d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T18:54:28.936130+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"}