secwatch.observer — SEC 8-K summary
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Issuer:     Investar Holding Corp (ISTR)
CIK:        0001602658
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0001437749-25-021631
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Investar to acquire Wichita Falls Bancshares for $83.6M; raises $32.5M in preferred stock offering
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- Merger consideration: $7.2M cash + 3,955,344 shares of ISTR common; total ~$83.6M at $19.32 close.
- Private placement of 32,500 shares of 6.5% Series A Preferred Stock at $1,000/share; gross proceeds $32.5M.
- Deal expected to close Q4 2025; requires shareholder and regulatory approvals. Termination fee of $3.3M payable by WFB.
- Preferred stock pays 6.5% annual dividend, convertible to common at 47.619 shares per preferred share; redeemable after July 1, 2030.
- Net proceeds ~$30.4M to fund acquisition and general corporate; preferred stock qualifies as additional Tier 1 capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602658/000143774925021631/0001437749-25-021631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602658/000143774925021631/istr20250625e_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-021631

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