secwatch.observer — SEC 8-K summary
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Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001628280-24-014077
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capital Bancorp to acquire Integrated Financial Holdings for $5.36 cash + 1.115 shares per IFHI share
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- Per IFHI share: 1.115 Capital shares + $5.36 cash, subject to adjustment based on IFHI's tangible equity and credit sales.
- IFHI will distribute Dogwood State Bank shares as a pre-closing dividend to its shareholders.
- Directors and certain officers of IFHI entered voting agreements to support the merger; termination fee of $3 million under specified conditions.
- Merger requires shareholder and regulatory approvals; Capital shares to be listed on Nasdaq.
- IFHI options assumed by Capital and converted into economically equivalent options; unvested restricted shares fully vest at close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000162828024014077/0001628280-24-014077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000162828024014077/cbnk-20240327.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-014077

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