secwatch.observer — SEC 8-K summary
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Issuer:     MEDALLION FINANCIAL CORP (MFIN)
CIK:        0001000209
Form:       8-K
Filed at:   2026-09-24T13:00:14+00:00
Accession:  0001193125-26-400319
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Medallion Bank prices $55M Series G preferred stock offering at $25/share
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- Offering of 2,200,000 additional Series G preferred shares; aggregate liquidation $55M.
- Dividend fixed at 9.00% through June 30, 2030, then 5-yr U.S. Treasury + 4.94%.
- Expected close Sept 30, 2026; underwriters have 30-day option for 330,000 more shares.
- Proceeds for general corporate purposes; may redeem outstanding Series E preferred with FDIC approval.
- Reopens original May 22, 2025 Series G issuance; dividends accrue from Oct 1, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000209/000119312526400319/0001193125-26-400319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000209/000119312526400319/mfin-20260923.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-400319

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