---
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"
generated_at: "2026-10-27T20:51:06.265666+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bowman hit with merger suits; supplements proxy with $79M EBITDA and 13.5x comps

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-040909
- JSON: https://secwatch.observer/filing/0001140361-26-040909.json
- Plain text: https://secwatch.observer/filing/0001140361-26-040909.txt

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