Southern First Bancshares Announces Pricing of Public Offering of Common Stock
Southern First Bancshares, Inc. (SFST) has priced a public offering of 1,050,000 shares of its common stock at $54.00 per share, generating approximately $56.7 million in gross proceeds. The company may raise up to an additional $65.2 million if underwriters exercise their option to purchase more shares. Proceeds will be used for general corporate purposes, including growth initiatives and debt repayment.
Tickers: $SFST
Topics: capital raising corporate finance stock offering underwritten offering