{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-26-000226","form_type":"8-K","ticker":"SFST","cik":"0001090009","company_name":"SOUTHERN FIRST BANCSHARES INC","filed_at":"2026-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:31.935948+00:00","generated_at":"2026-05-15T05:42:24.533458+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Southern First Bancshares prices 1.05M share offering at $54; expects ~$53.2M net proceeds","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-26-000226","json":"https://secwatch.observer/filing/0001206774-26-000226.json","markdown":"https://secwatch.observer/filing/0001206774-26-000226.md","text":"https://secwatch.observer/filing/0001206774-26-000226.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000226/0001206774-26-000226-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000226/sfst4622601-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:42:24.533458+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"da58d9ddb3c7fe15752645c6d684eb4f20544117","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000226/0001206774-26-000226-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Piper Sandler & Co., as representative of the several underwriters named therein"},{"label":"Value","value":"approximately $53.2 million"},{"label":"Effective","value":"2026-04-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}