M&A
confidence high
sentiment positive
materiality 0.75
CBNK shareholders approve merger with Integrated Financial Holdings; 99.6% votes FOR
Capital Bancorp Inc
- Merger approval received with 9,992,732 FOR, 37,871 AGAINST, 12,327 abstain.
- Special meeting held August 15, 2024; quorum of 10,042,930 shares (72.2% outstanding).
- Merger Agreement dated March 27, 2024: IFHI to merge into CBNK, CBNK survives.
- Adjournment proposal withdrawn as sufficient votes were obtained.
- Record date June 20, 2024 with 13,899,251 shares eligible.