{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-024220","form_type":"8-K","ticker":"MCBS","cik":"0001747068","company_name":"MetroCity Bankshares, Inc.","filed_at":"2025-03-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.699405+00:00","generated_at":"2026-05-24T15:56:43.454741+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"MetroCity Bankshares to acquire First IC Corp for ~$112M cash + 3.38M shares","bullets":["Combined merger consideration: $111,965,213 cash (subject to adjustments) plus 3,384,588 shares of MCBS common stock.","FIEB shareholders will receive per-share mix of cash and MCBS stock; FIEB options cashed out at spread above exercise price.","Transaction expected to close in Q4 2025; requires FIEB shareholder, regulatory approvals including Fed, FDIC, Georgia DFI.","FIEB can terminate if MCBS stock underperforms KBW Regional Bank Index by over 20% and average closing price falls below 80% of baseline.","Voting agreements cover about 25% of FIEB shares; termination fee of $8.24M payable by FIEB under certain conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-024220","json":"https://secwatch.observer/filing/0001104659-25-024220.json","markdown":"https://secwatch.observer/filing/0001104659-25-024220.md","text":"https://secwatch.observer/filing/0001104659-25-024220.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747068/000110465925024220/0001104659-25-024220-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747068/000110465925024220/tm259425d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T15:56:43.454741+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"}