secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2025-07-07T23:59:59+00:00
Accession:  0001408534-25-000051
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares issues 2.2M common shares in debt-for-equity swap and private placement
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- Issued 1,981,506 shares to director Edgar Ray Smith III in exchange for $15M subordinated note due 2032.
- Private placement of 131,460 shares at $8.10/share for general corporate purposes.
- Issued 36,060 and 52,422 shares as interest payments on promissory note and subordinated note to Smith & Tate.
- All offerings are unregistered, relying on Section 4(2) and Regulation D exemptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000051/0001408534-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000051/fgbi-20250630.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000051

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