Bowman Sets November 4 Vote on $43/Share Bernhard Buyout
BWMN sits 70% above its 52-week low of $25.07.
Summary
Bowman Consulting Group filed its definitive proxy statement for the $43.00 per share all-cash acquisition by Bernhard Capital Partners, setting a November 4, 2026 shareholder vote. HSR clearance was granted and the go-shop period expired with no rival bids.
Key Events · M&A and Partnerships · BWMN
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Special Meeting Set for November 4
Shareholders of record as of October 1, 2026 will vote on the merger proposal at a virtual special meeting on November 4, 2026. 16,591,912 shares are outstanding and entitled to vote.
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HSR Clearance Granted
The FTC granted early termination of the HSR waiting period on September 21, 2026, satisfying the last major regulatory condition to closing.
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Go-Shop Expired with No Rival Bids
The 35-day go-shop period ended September 13, 2026. BofA Securities contacted 58 financial sponsors and 18 strategic parties; none submitted an acquisition proposal.
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Stockholder Demand Letter Received
One purported stockholder sent a demand letter claiming the preliminary proxy statement filed September 25, 2026 contained materially misleading and incomplete statements. No lawsuits have been filed.
Analysis · BWMN · Trade & Services
The definitive proxy statement locks in the November 4, 2026 special meeting date for shareholders to vote on the $43.00 per share all-cash acquisition by Bernhard Capital Partners. HSR early termination was granted September 21, 2026, clearing the last major regulatory hurdle. The go-shop period expired September 13 with no competing bids, confirming the deal's path to completion. One stockholder demand letter alleging misleading preliminary proxy disclosures is the only outstanding friction.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BWMN was trading at $42.60 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $738.4M. The 52-week trading range was $25.07 to $45.83. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.