Southern First Bancshares prices $53.2M equity offering at $54.00 per share

Filed April 16, 2026 · Period ending April 15, 2026 · ~1 min read

Key Changes

• high

  Company is selling 1,050,000 shares at $54.00 per share through underwritten public offering led by Piper Sandler, raising approximately $53.2 million net of fees. This represents immediate dilution to existing shareholders.

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• medium

  Underwriters have 30-day option to purchase additional 157,500 shares (15% greenshoe), which could increase total proceeds to $61.3 million and further dilute existing holders if exercised.

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• high

  Filing does not specify intended use of proceeds. Investors should review the prospectus supplement for details on how the bank plans to deploy this capital.

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