Commercial Bancgroup completes $172M IPO, stock begins trading on Nasdaq under CBK

Commercial Bancgroup, Inc.

Closed initial public offering of 7,173,092 shares at $24.00 per share, raising gross proceeds of ~$172M.
Company received net proceeds of ~$30.6M after underwriting discounts and expenses.
Proceeds to repay indebtedness and redeem subordinated debentures and trust preferred securities.
Common stock began trading on Nasdaq on October 2, 2025 under ticker 'CBK'.
Underwriters have 30-day option to purchase up to 1,075,963 additional shares from selling shareholders.

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