IPO - GBank Financial Holdings Inc.

Form Type: S-1/A

Filing Date: 2025-04-01

Corporate Action: Ipo

Type: Update

Accession Number: 000147793225002363

Filing Summary: GBank Financial Holdings Inc. has filed an amendment to its registration statement on Form S-1 with the SEC as of April 1, 2025, aiming to register 1,081,081 shares of common stock for resale by certain selling stockholders. This represents approximately 7.6% of the company’s outstanding common stock as of March 31, 2025. The company has previously established its intent to list its common stock on the Nasdaq Capital Market under the symbol 'GBFH'. The document outlines the company's financial structure, emphasizing an asset total of $1.1 billion, with significant loan and deposit growth, primarily driven by its two commercial banking branches in Las Vegas. As an emerging growth company under the JOBS Act, GBank benefits from reduced disclosure requirements and plans to leverage its banking services to capitalize on market opportunities in Nevada and the surrounding states. The filing details business operations, regulatory supervision, and various financial services offered, including SBA loans and fintech innovations.

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Form Type: S-1

Filing Date: 2025-03-12

Corporate Action: Ipo

Type: New

Accession Number: 000147793225001651

Filing Summary: GBank Financial Holdings Inc. has filed an amendment to its Form S-1 registration statement with the SEC to register 1,081,081 shares of common stock for resale by certain Selling Stockholders. The shares offered constitute about 7.6% of the total issued and outstanding common stock of the company as of March 12, 2025. The company is registered under the Bank Holding Company Act and operates through its wholly owned subsidiary, GBank, which offers a variety of banking services primarily in Nevada and surrounding states. GBank aims to serve small businesses and individuals, focusing on commercial and retail banking products. The document indicates an intention to apply for listing on the Nasdaq Capital Market. As of the filing date, GBank has demonstrated significant growth in assets, loans, and deposits, which totaled approximately $1.1 billion, $816 million, and $935 million respectively as of December 31, 2024. The filing also highlights the company's emerging growth status, allowing for certain reporting exemptions under the JOBS Act. Overall, the prospectus outlines the financial and operational highlights of the company while indicating the risks involved with investing in its securities.

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Form Type: DRS

Filing Date: 2025-01-13

Corporate Action: Ipo

Type: New

Accession Number: 000147793225000165

Filing Summary: GBank Financial Holdings Inc. is filing a DRS registration statement in connection with the proposed resale of 1,081,081 shares of common stock. The shares being offered are those of its Selling Stockholders and will be sold at market prices or negotiated prices. This prospectus outlines that the common stock, valued at approximately 7.5% of the outstanding shares, will be placed in the OTCQX market, with a noted closing bid price of $39.60 per share on January 2, 2025. The company aims to expand its market offerings significantly, primarily focuses on the small to middle-market client base in the western U.S., and holds ambitions to list its common stock on the Nasdaq Capital Market. The document stresses that GBank is considered an emerging growth company and has stated that investing in its shares carries risks, particularly related to its concentration of loans in high-risk sectors such as commercial and multifamily real estate. GBank has raised $20 million through a subscription agreement for these shares, which are yet to be registered, and emphasizes a commitment to transparency and adherence to financial regulations. The document contains legal disclaimers, risk factors, and outlines the use of proceeds which are unspecified in detail, and it also provides a table of contents for further reference on various informative sections of the offering.

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