8-K
filed February 3, 2025, 6:59 PM ET
CIK 0001725872
M&A
confidence high
sentiment neutral
materiality 1.00
BM Technologies acquired by First Carolina Bank for $5.00/share; NYSE delisting underway
BM Technologies, Inc.
- Merger closed Jan 31, 2025; shareholders receive $5.00 cash per share.
- Trading halted Feb 3, 2025; Form 25 to be filed to delist BMTX and BMTX.W from NYSE American.
- Company becomes wholly owned subsidiary of First Carolina Bank; all prior directors and officers replaced.
- Warrant agreement amended; warrants now exercisable for the Merger Consideration.
- Certificate of incorporation and bylaws amended and restated effective at closing.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Ajay Asija resigned as other_named_officer at BM Technologies, Inc..
- Action
- resigned
Exact text from the filing
(ii) Luvleen Sidhu, Ajay Asija, and Warren Taylor each resigned as officers
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Luvleen Sidhu resigned as Director at BM Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
(i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Luvleen Sidhu resigned as other_named_officer at BM Technologies, Inc..
- Action
- resigned
Exact text from the filing
(ii) Luvleen Sidhu, Ajay Asija, and Warren Taylor each resigned as officers
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Mike Gill resigned as Director at BM Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
(i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
John Dolan resigned as Director at BM Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
(i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Brent Hurley resigned as Director at BM Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
(i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Warren Taylor resigned as other_named_officer at BM Technologies, Inc..
- Action
- resigned
Exact text from the filing
(ii) Luvleen Sidhu, Ajay Asija, and Warren Taylor each resigned as officers
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Marcy Schwab resigned as Director at BM Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
(i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Aaron Hodari resigned as Director at BM Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
(i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
James Donahue was appointed as President and Chief Digital Officer at BM Technologies, Inc..
- Action
- appointed
- Role
- President and Chief Digital Officer
Exact text from the filing
James Donahue resigned his prior positions at the Company and was appointed President and Chief Digital Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael Pavone resigned as Director at BM Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
(i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.