secwatch.observer — SEC 8-K summary
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Issuer:     Sotherly Hotels Inc. (SOHOO)
CIK:        0001301236
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001193125-25-250648
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sotherly Hotels agrees to be acquired by KW Kingfisher for $2.25 per share in cash
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- Cash consideration of $2.25 per common share; preferred holders may convert to common to receive same amount.
- Total committed financing includes up to $350M debt, $65M mezzanine/equity, and $47M equity from Parent affiliates.
- Merger expected to close in Q1 2026, subject to stockholder approval and customary conditions; no financing condition.
- Company granted $25M revolving credit line from Kemmons Wilson Hospitality Partners II pending close (Term SOFR + 3.25% initial margin).
- Termination fees: Company pays $4M, Parent pays $8M under specified circumstances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301236/000119312525250648/0001193125-25-250648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301236/000119312525250648/soho-20251024.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-250648

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