---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-020747"
form_type: "8-K"
ticker: "SBCF"
cik: "0000730708"
company_name: "SEACOAST BANKING CORP OF FLORIDA"
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T12:01:04.007063+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Seacoast Banking acquires Heartland Bancshares for $147.10/share or 4.9164 SBCF shares; 50% cash/stock

## Summary
- Heartland shareholders elect cash ($147.10), stock (4.9164 SBCF shares), or 50-50 mix; final mix 50% cash/50% stock.
- Price protection collar: if SBCF avg closing price $25.43-$34.41, exchange ratio fixed; above $34.42 or below $25.43 adjusts.
- Termination fee of $4.5M payable by Heartland under certain circumstances (e.g., board withdrawal of recommendation).
- Transaction subject to regulatory approvals, Heartland shareholder vote, and effectiveness of S-4 registration statement.
- Heartland equity awards cashed out for difference between $147.10 and strike price.

## SEC filing metadata
- accession: 0001104659-25-020747
- form_type: 8-K
- ticker: SBCF
- cik: 0000730708
- company_name: SEACOAST BANKING CORP OF FLORIDA
- filed_at: 2025-03-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730708/000110465925020747/0001104659-25-020747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730708/000110465925020747/tm258314d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-020747
- JSON: https://secwatch.observer/filing/0001104659-25-020747.json
- Plain text: https://secwatch.observer/filing/0001104659-25-020747.txt

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