Bridgewater Bancshares enters $50M ATM equity distribution agreement with Piper Sandler

Bridgewater Bancshares Inc

ATM offering of up to $50M common stock via Piper Sandler; commission 2.5% of gross proceeds.
Net proceeds for general corporate purposes: investments, working capital, debt repayment, acquisitions.
Sales at-the-market under existing shelf registration (S-3 effective Feb 10, 2025).
Company not obligated to sell; may suspend or terminate offering at any time.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Bridgewater Bancshares Inc entered into Equity Distribution Agreement with Piper Sandler & Co. valued at up to $50,000,000 gross sale price of common stock (effective 2026-02-27).

Action: entry
Agreement: equity purchase
Counterparty: Piper Sandler & Co.
Value: up to $50,000,000 gross sale price of common stock
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026, Bridgewater Bancshares, Inc., a Minnesota corporation (the “Company”), and its wholly-owned subsidiary, Bridgewater Bank, a Minnesota state-chartered bank (the “Bank”), entered into an Equity Distribution Agreement (the “Agreement”) with Piper Sandler & Co., as distribution agent (the “Distribution Agent”), pursuant to which the Company may issue and sell from time to time through the Distribution Agent, shares of the Company's common stock, par value $0.01 per share (the “Common Stock”), having an aggregate gross sale price of up to $50,000,000 (the “Offering”).

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Source: SEC EDGAR

accession 0001104659-26-021698

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