{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-021698","form_type":"8-K","ticker":"BWB","cik":"0001341317","company_name":"Bridgewater Bancshares Inc","filed_at":"2026-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.885581+00:00","generated_at":"2026-05-15T23:00:06.614982+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Bridgewater Bancshares enters $50M ATM equity distribution agreement with Piper Sandler","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-021698","json":"https://secwatch.observer/filing/0001104659-26-021698.json","markdown":"https://secwatch.observer/filing/0001104659-26-021698.md","text":"https://secwatch.observer/filing/0001104659-26-021698.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1341317/000110465926021698/0001104659-26-021698-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1341317/000110465926021698/bwb-20260227x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:00:06.614982+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":[{"claim_id":"2e8c90cb324ec254b1b9e28dc96bf22bb80e89b7","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1341317/000110465926021698/0001104659-26-021698-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Piper Sandler & Co."},{"label":"Value","value":"up to $50,000,000 gross sale price of common stock"},{"label":"Effective","value":"2026-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}