Seacoast Commerce Bank (CCB) Announces $30M Stock Offering

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Go back to Seacoast Commerce Bank (CCB) Announces $30M Stock Offering

Seacoast Commerce Bank (CCB) Prices 740K Share Offering at $40.50/sh

December 15, 2021 6:19 AM EST

Coastal Financial Corporation (NASDAQ: CCB), the holding company for Coastal Community Bank (the Bank), today announced the pricing of an underwritten public offering of 740,742 shares of its common stock at a price to the public of $40.50 per share. Coastal also granted the underwriters a 30-day option to purchase up to an additional 111,111 shares of its common stock.

The aggregate gross proceeds of the offering will be approximately $30.0 million before deducting underwriting discounts and estimated offering expenses. Assuming the underwriters option to purchase additional shares is exercised in full, it is expected the aggregate... More