Third Coast Bancshares, Inc. (TCBX) Prices 3.5M Share IPO at $25/sh

Third Coast Bancshares, Inc. (NASDAQ: TCBX), the bank holding company for Third Coast Bank, SSB, today announced the pricing of the initial public offering of 3,500,000 shares of its common stock at a public offering price of $25.00 per share. Third Coast has also granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of its common stock. Third Coast’s common stock is expected to begin trading on the NASDAQ Global Select Market under the trading symbol “TCBX” on November 9, 2021.

Third Coast intends to use the net proceeds from the offering to support its continued growth, including organic growth and potential future acquisitions, and for general corporate purposes.

Stephens Inc., Piper Sandler & Co. and Deutsche Bank Securities are acting as joint book-running managers for the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Stephens Inc., P.O. Box 3507, Little Rock, Arkansas 72203, or by calling (800) 643-9691 or by emailing [email protected], Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, or by calling (800) 747-3924 or by emailing [email protected], or Deutsche Bank Securities Inc., Prospectus Group, 1 Columbus Circle, New York, New York 10019, or by calling (800) 503-4611 or by emailing [email protected]. Copies of the registration statement relating to these securities and the prospectus, when available, may also be obtained free of charge from the website of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.

A registration statement relating to these securities has been declared effective by the SEC on November 8, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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