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InsideArbitrage Event Driven Monitor – December 15, 2025

  • December 15, 2025

Merger Arbitrage

  1. SOHO: Sotherly Hotels (SOHO) filed a definitive proxy statement. The special meeting of shareholders will be held on January 22, 2026.
  2. FFWM: FirstSun (FSUN) filed Form S-4 for the acquisition of First Foundation (FFWM). The companies expect to complete the merger early in the second quarter of 2026.
  3. PBBK: Norwood Financial (NWFL) announced that it had received final regulatory approvals for its acquisition of PB Bankshares (PBBK). Norwood anticipates closing the acquisition on January 5, 2026.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

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