---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-024245"
form_type: "8-K"
ticker: "BFST"
cik: "0001624322"
company_name: "Business First Bancshares, Inc."
filed_at: "2022-10-17T23:59:59+00:00"
generated_at: "2026-06-23T03:20:33.868579+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Business First Bancshares raises ~$46.8M in 2.5M share offering at $20/share

## Summary
- Issued 2,500,000 shares of Common Stock at $20.00 per share in underwritten public offering.
- Net proceeds of approximately $46.75 million after underwriting discounts and expenses.
- Proceeds to be used for general corporate purposes, including capital augmentation, organic growth, acquisitions, and redeeming subordinated debt.
- Underwriters include Stephens, Inc.; offering closed on October 17, 2022.
- Directors and executive officers entered into 90-day lock-up agreements on Company securities.

## SEC filing metadata
- accession: 0001437749-22-024245
- form_type: 8-K
- ticker: BFST
- cik: 0001624322
- company_name: Business First Bancshares, Inc.
- filed_at: 2022-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624322/000143774922024245/0001437749-22-024245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624322/000143774922024245/bfbi20221014_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024245
- JSON: https://secwatch.observer/filing/0001437749-22-024245.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024245.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.