secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001193125-26-002442
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanFirst to acquire Flushing Financial in 0.85 exchange ratio deal; Warburg invests $225M
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- Each Flushing share converted into 0.85 shares of OceanFirst common stock.
- Warburg Pincus invests $225M at $19.76/share for ~9.7M common shares plus NVCE stock and warrant for ~11.4M shares.
- Expected closing Q2 2026, subject to regulatory and shareholder approvals.
- Termination fee $21.4M from either party; OceanFirst may owe $46.3M if Warburg investment not consummated.
- Post-merger board: 17 directors; Flushing CEO John Buran non-executive chairman for 2 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000119312526002442/0001193125-26-002442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000119312526002442/d89014d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-002442

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer