{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-040909","form_type":"8-K","ticker":"BWMN","cik":"0001847590","company_name":"Bowman Consulting Group Ltd.","filed_at":"2026-10-27T20:50:15+00:00","discovered_at":"2026-10-27T20:51:00.245937+00:00","generated_at":"2026-10-27T20:51:06.265666+00:00","sec_items":["8.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Bowman hit with merger suits; supplements proxy with $79M EBITDA and 13.5x comps","bullets":["Two NY Supreme Court suits — Smith (filed Oct 14, 2026) and Scott (Oct 15, 2026) — plus stockholder demand letters allege misleading merger proxy and seek to enjoin the deal.","Company calls claims without merit but voluntarily supplements the Definitive Proxy Statement to avoid delay, denying any admission that extra disclosure was required.","BofA comps: 14 selected transactions had mean and median EV/EBITDA of 13.5x; applied 10.5x–13.5x to Bowman Adjusted EBITDA of $79M for the 12 months ended June 30, 2026.","DCF used 10.0%–12.0% discount rates and 17.666M–17.848M fully diluted shares; analyst targets of $38–$58 were discounted at a 13% cost of equity to $33.63–$51.33.","Special Meeting to vote on the merger with Bernhard Capital Partners affiliates Prive Parent and Prive Merger Sub remains set for Nov 4, 2026; merger agreement dated Aug 10, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-040909","json":"https://secwatch.observer/filing/0001140361-26-040909.json","markdown":"https://secwatch.observer/filing/0001140361-26-040909.md","text":"https://secwatch.observer/filing/0001140361-26-040909.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1847590/000114036126040909/0001140361-26-040909-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1847590/000114036126040909/ef20084418_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-27T20:51:06.265666+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"}