---
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"
generated_at: "2026-05-15T23:00:06.614982+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-021698
- JSON: https://secwatch.observer/filing/0001104659-26-021698.json
- Plain text: https://secwatch.observer/filing/0001104659-26-021698.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1341317/000110465926021698/0001104659-26-021698-index.htm

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