Southern First Bancshares prices 1.05M share offering at $54; expects ~$53.2M net proceeds

SOUTHERN FIRST BANCSHARES INC

Offering of 1,050,000 shares of common stock at $54.00 per share, with 30-day option for additional 157,500 shares.
Net proceeds expected ~$53.2M ($61.3M with full over-allotment); used for general corporate purposes including growth, bank capital, debt repayment.
Offering expected to close April 17, 2026; Piper Sandler sole book-runner, KBW co-manager.
Directors and executive officers entered 90-day lock-up agreements restricting share sales.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SOUTHERN FIRST BANCSHARES INC entered into Underwriting Agreement with Piper Sandler & Co., as representative of the several underwriters named therein valued at approximately $53.2 million (effective 2026-04-15).

Action: entry
Agreement: underwriting
Counterparty: Piper Sandler & Co., as representative of the several underwriters named therein
Value: approximately $53.2 million
Effective: 2026-04-15

Exact text from the filing

On April 15, 2026, Southern First Bancshares, Inc. (the “Company”) and its wholly owned bank subsidiary, Southern First Bank, a South Carolina state bank (the “Bank”), entered into an Underwriting Agreement (the “Underwriting Agreement”) with Piper Sandler & Co., as representative of the several underwriters named therein (the “Underwriters”), including Keefe, Bruyette & Woods, Inc., relating to the offer and sale of 1,050,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a public offering price of $54.00 per share in an underwritten public offering (the “Offering”).

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Source: SEC EDGAR

accession 0001206774-26-000226

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