---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-009521"
form_type: "8-K"
ticker: null
cik: "0001725872"
company_name: "BM Technologies, Inc."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T04:01:35.016850+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# BM Technologies acquired by First Carolina Bank for $5.00/share; NYSE delisting underway

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-009521
- form_type: 8-K
- cik: 0001725872
- company_name: BM Technologies, Inc.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/ea0229196-8k_bmtech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-009521
- JSON: https://secwatch.observer/filing/0001213900-25-009521.json
- Plain text: https://secwatch.observer/filing/0001213900-25-009521.txt

## Key facts
- Executive change
  Ajay Asija resigned as other_named_officer at BM Technologies, Inc..
  - Action: resigned
  source text: (ii) Luvleen Sidhu, Ajay Asija, and Warren Taylor each resigned as officers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  Luvleen Sidhu resigned as Director at BM Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: (i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  Luvleen Sidhu resigned as other_named_officer at BM Technologies, Inc..
  - Action: resigned
  source text: (ii) Luvleen Sidhu, Ajay Asija, and Warren Taylor each resigned as officers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  Mike Gill resigned as Director at BM Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: (i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  John Dolan resigned as Director at BM Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: (i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  Brent Hurley resigned as Director at BM Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: (i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  Warren Taylor resigned as other_named_officer at BM Technologies, Inc..
  - Action: resigned
  source text: (ii) Luvleen Sidhu, Ajay Asija, and Warren Taylor each resigned as officers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  Marcy Schwab resigned as Director at BM Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: (i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  Aaron Hodari resigned as Director at BM Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: (i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  James Donahue was appointed as President and Chief Digital Officer at BM Technologies, Inc..
  - Action: appointed
  - Role: President and Chief Digital Officer
  source text: James Donahue resigned his prior positions at the Company and was appointed President and Chief Digital Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm
- Executive change
  Michael Pavone resigned as Director at BM Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: (i) Luvleen Sidhu, John Dolan, Mike Gill, Brent Hurley, Michael Pavone, Aaron Hodari, and Marcy Schwab each resigned from the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390025009521/0001213900-25-009521-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.