Bridgewater Bancshares Inc. 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Bridgewater Bancshares Inc. on March 16, 2018. The filing reports the completion of the Company's initial public offering (IPO) of common stock.
Key Financial Metrics
The filing details the terms of the equity offering but does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics for the reporting period.
- Shares Sold: 5,379,513 shares of common stock.
- Offering Price: $11.75 per share.
- Underwriter Option: Included 1,005,000 additional shares sold pursuant to the full exercise of the underwriters' option to purchase additional securities.
- Registration: Registered under Form S-1 (File No. 333-223079), declared effective by the SEC on March 13, 2018.
Material Changes
The primary material change is the transition to a publicly traded company following the successful completion of the IPO. The filing does not provide comparative financial data against a prior period.
Guidance, Outlook, and Risks
The filing text does not contain specific forward-looking guidance, management commentary on future performance, or a detailed discussion of risks and contingencies beyond the standard disclosure of the offering completion. The Company is identified as an emerging growth company.
Investor Verification Checklist
- Verify the total gross proceeds from the offering (5,379,513 shares x $11.75).
- Review the attached Press Release (Exhibit 99.1) for details on the use of proceeds.
- Examine the effective Form S-1 (File No. 333-223079) for detailed financial statements and risk factors not included in this 8-K.
- Confirm the trading symbol and exchange listing details post-IPO.