secwatch.observer — SEC 8-K summary
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Issuer:     Sotherly Hotels Inc. (SOHOO)
CIK:        0001301236
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001193125-26-056144
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sotherly Hotels completes acquisition by KW Kingfisher; shareholders get $2.25/share
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- Merger closed Feb 12, 2026; each common share converted to $2.25 cash, no interest.
- Preferred stock holders (Series B, C, D) may convert to common and receive same $2.25/share by March 20, 2026.
- Company delisted from Nasdaq; Form 25 filed Feb 13, 2026.
- Apollo loan of $308M (3-yr term, two 1-yr extensions) and Ascendant mezzanine loan of $45M (4-yr term) close same day.
- New directors (Schmidt, Pellum, Schulte) appointed; Schmidt named CEO, Pellum CFO; Schulte Hospitality becomes property manager.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301236/000119312526056144/0001193125-26-056144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301236/000119312526056144/d107217d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-056144

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