secwatch.observer — SEC 8-K summary
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Issuer:     SEACOAST BANKING CORP OF FLORIDA (SBCF)
CIK:        0000730708
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001104659-25-020747
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730708/000110465925020747/0001104659-25-020747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730708/000110465925020747/tm258314d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-020747

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