secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001552781-24-000630
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000155278124000630/0001552781-24-000630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000155278124000630/e24472_ccb-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000630

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