secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0001206774-26-000226
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677426000226/0001206774-26-000226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677426000226/sfst4622601-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-26-000226

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer