First Foundation Inc. Completes Merger with FirstSun Capital Bancorp, Delists from NYSE

summarizeSummary

First Foundation Inc. announced the completion of its merger with FirstSun Capital Bancorp, resulting in its delisting from the NYSE and the conversion of its shares into FirstSun common stock.

check_boxKey Events

• Merger Completed

  Effective April 1, 2026, First Foundation Inc. completed its merger with FirstSun Capital Bancorp, with FirstSun surviving the merger. This follows the regulatory approvals announced on March 31, 2026.

• Delisting from NYSE

  As a result of the merger, First Foundation Inc. no longer meets NYSE listing requirements. Trading in its common stock has been suspended, and the company will be delisted from the NYSE.

• Share Exchange Ratio

  Each share of First Foundation common stock was converted into the right to receive 0.16083 shares of FirstSun common stock, with cash paid for fractional shares.

• Warrant Exercise and Cash Payment

  Holders of First Foundation warrants exercised them on a cashless basis, receiving Series C Stock and an aggregate cash payment of approximately $17.5 million.

auto_awesomeAnalysis

This filing marks the definitive completion of the merger between First Foundation Inc. and FirstSun Capital Bancorp, with First Foundation ceasing to exist as an independent entity. For First Foundation shareholders, this is a thesis-altering event as their shares are converted into FirstSun common stock, and First Foundation's stock is delisted from the NYSE. The transaction fundamentally changes the investment landscape for previous First Foundation investors, integrating them into the larger FirstSun structure. The cash payment for warrants and the increase in FirstSun's authorized shares are significant details of the post-merger structure.