Seacoast Commerce Bank (CCB) Prices 740K Share Offering at $40.50/sh
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Coastal Financial Corporation Prices Public Offering of Common Stock
December 14, 2021 7:05 PM ESTEVERETT, Wash., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (Coastal or the Company), 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... More
