---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000630"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:00:12.864883+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial prices 1.2M share offering at $71, gross proceeds $85.2M

## Summary
- Pricing of 1,200,000 shares at $71.00 per share; underwriters' option for 180,000 additional shares exercised in full.
- Gross proceeds ~$85.2M; with full exercise of option expected ~$98.0M gross; net proceeds ~$91.8M.
- Proceeds to be used for general corporate purposes, including supporting investment opportunities and the Bank's growth.
- Offering expected to close on December 12, 2024, subject to customary closing conditions.

## SEC filing metadata
- accession: 0001552781-24-000630
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000155278124000630/0001552781-24-000630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000155278124000630/e24472_ccb-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000630
- JSON: https://secwatch.observer/filing/0001552781-24-000630.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000630.txt

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