secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTSUN CAPITAL BANCORP (FSUN)
CIK:        0001709442
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001628280-24-001787
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FirstSun Capital Bancorp to acquire HomeStreet in stock merger; $80M upfront investment from Wellington
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- Each HomeStreet share converts to 0.4345 FirstSun shares; merger expected mid-2024 subject to approvals.
- FirstSun raised $80M upfront from Wellington at $32.50/share and will raise $95M at closing from same investors.
- Termination fee of $10M payable by either party under certain specified circumstances.
- FirstSun stockholders (51.9% voting power) approved share issuance and charter amendment via written consent.
- Post-closing, three HomeStreet directors will join FirstSun board; Mark Mason named Executive Vice Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709442/000162828024001787/0001628280-24-001787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709442/000162828024001787/fcb-20240115.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001787

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