secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTSUN CAPITAL BANCORP (FSUN)
CIK:        0001709442
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001552781-26-000187
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.03, 5.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FirstSun closes acquisition of First Foundation; exchange ratio 0.16083
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- Merger effective April 1, 2026; First Foundation common stock converted at 0.16083x FirstSun shares.
- FirstSun assumed $150M 3.50% Fixed-to-Floating Rate Subordinated Notes due 2032.
- Board expanded to 13; added 5 former First Foundation directors plus Castle Creek nominee Spencer T. Cohn.
- Charter amended: authorized common increased to 80M shares; new non-voting class of 20M shares created.
- Thomas C. Shafer appointed Executive Vice Chairman with $1.09M base salary; warrant holders get ~$17.5M cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709442/000155278126000187/0001552781-26-000187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709442/000155278126000187/e26165_fsun-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-26-000187

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