IPO - CoastalSouth Bancshares, Inc.

Form Type: 424B4

Filing Date: 2025-07-02

Corporate Action: Ipo

Type: New

Accession Number: 000095017025092949

Filing Summary: CoastalSouth Bancshares, Inc. is undertaking its initial public offering (IPO) offering 2,035,000 shares of common stock at a price of $21.50 per share, aiming to raise approximately $43.8 million. The company is offering 1,700,000 shares while selling shareholders will offer an additional 335,000 shares. The proceeds from the IPO will mainly benefit the selling shareholders as the company will not receive any funds from their sales. The offering is underwritten by Piper Sandler and Stephens Inc. with a firm commitment structure and an option for underwriters to purchase an additional 305,250 shares. The last reported sale price prior to the IPO was $21.29 on June 30, 2025. CoastalSouth Bancshares operates primarily through its subsidiary, Coastal States Bank, providing a range of banking products and services catering to businesses and consumers. The company qualifies as an “emerging growth company” and a “smaller reporting company” under U.S. federal securities laws, allowing reduced reporting requirements. The prospectus includes risk factors, financial performance metrics, and descriptions of the company's business strategies including community banking and specialty lending.

Form Type: 8-A12B

Filing Date: 2025-07-01

Corporate Action: Ipo

Type: New

Accession Number: 000095017025091975

Filing Summary: CoastalSouth Bancshares, Inc. is filing this Form 8-A for the registration of its common stock, which has a par value of $1.00 per share, under Section 12(b) of the Securities Exchange Act of 1934. This filing is part of the company's efforts to list its common stock on the New York Stock Exchange. The relevant prospectus detailing the description of the common stock was previously filed with the SEC on June 6, 2025, under Registration No. 333-287854. No other securities of the company are listed on the New York Stock Exchange, and no additional exhibits are required for this registration. The Company is authorized by Stephen R. Stone, President and CEO, to file this statement.

Form Type: S-1/A

Filing Date: 2025-06-24

Corporate Action: Ipo

Type: New

Accession Number: 000095017025089216

Filing Summary: CoastalSouth Bancshares, Inc. is filing an amendment to its S-1 registration statement in connection with its initial public offering (IPO). The company is headquartered in Atlanta, Georgia and operates through its wholly owned subsidiary, Coastal States Bank. The registration statement indicates plans to sell 2,600,000 shares of common stock, with 1,700,000 shares offered by the company and 900,000 shares by selling shareholders. The anticipated IPO price is between $21.50 and $23.50 per share, with the last reported sale price before the offering being $19.40. The company intends to list its common stock on the NYSE under the ticker symbol "COSO". CoastalSouth has positioned itself as an emerging growth company and a smaller reporting company, which allows it to take advantage of reduced public reporting requirements. The funds from this offering aim to enhance capital position and support operational expansion in a conducive market environment. The filing highlights the company's capabilities in various specialty banking services, including senior housing lending and marine lending, and asserts that it is well positioned to capture growth opportunities.

Form Type: S-1

Filing Date: 2025-06-06

Corporate Action: Ipo

Type: New

Accession Number: 000095017025083183

Filing Summary: CoastalSouth Bancshares, Inc. is filing a registration statement for its initial public offering (IPO) under the Securities Act of 1933. The company is headquartered in Atlanta, Georgia, and operates as a bank holding company, providing a range of banking services through its subsidiary, Coastal States Bank. The offering will include shares of voting common stock, which will be sold at a fixed price as part of this IPO. The company’s common stock is currently quoted on the OTC Market Group's OTCQX Best Market under the symbol 'COSO.' The filing indicates that the initial public offering price is expected to be set between certain unspecified amounts, with the last reported sale price of the common stock prior to this filing being $21.00 per share. The company aims to list its stock on the New York Stock Exchange under the same symbol. This prospectus outlines the company's history, organizational structure, management team, financial performance, and business strategies, including a focus on expanding their community banking operations and several specialty lines of business such as Senior Housing Lending and Marine Lending. The company qualifies as an 'emerging growth company' and a 'smaller reporting company,' allowing it to take advantage of reduced disclosure requirements. This document serves as a preliminary prospectus, indicating that details may change prior to the finalization of the offering.

Form Type: DRS/A

Filing Date: 2025-05-01

Corporate Action: Ipo

Type: New

Accession Number: 000095012325003964

Filing Summary: CoastalSouth Bancshares, Inc. is initiating its initial public offering (IPO) to sell shares of its common stock. The offering includes shares from both the company and selling shareholders. The registration statement has been submitted but is confidential and has not yet been publicly filed. The common stock is expected to be listed on the New York Stock Exchange with the symbol 'COSO'. The company aims to raise funds to further its capital position and bolster its community bank operations, particularly in fast-growing markets. The company has identified various specialty lines of business, including Marine Lending and Government Guaranteed Lending, which will also contribute to profitability. As an emerging growth company, CoastalSouth Bancshares benefits from reduced regulatory requirements, aiming to attract investors in its targeted regions. This offering represents a significant opportunity for investment, capitalizing on the company's growth strategy and market conditions.

Form Type: DRS

Filing Date: 2025-03-05

Corporate Action: Ipo

Type: New

Accession Number: 000095012325002995

Filing Summary: CoastalSouth Bancshares, Inc. has filed a draft registration statement for an initial public offering (IPO) of common stock. The company is a bank holding firm headquartered in Atlanta, Georgia, operating through its subsidiary, Coastal States Bank. They provide a wide array of banking services targeted at businesses, real estate professionals, and individual consumers. The offering aims to list shares on the New York Stock Exchange under the symbol “COSO.” They plan to offer a fixed price for the shares and clarify that the company will not receive proceeds from shares sold by existing shareholders. The prospectus outlines the company's growth strategies, which include organic growth, acquisitions, and diversifying business lines. Key highlight areas include the identification of their community banking operations and specialty lines of business in senior housing, marine lending, government guaranteed lending, and mortgage banker finance as drivers of their growth strategy. The document also emphasizes the potential risks involved in investing in their common stock and mentions they are classified as an emerging growth and smaller reporting company, which provides them relief from certain reporting requirements.