Southern First Bancshares, Inc. (NASDAQ:SFST) Files An 8-K Other Events
Item 8.01 Other Events.
On May 2, 2017, Southern First Bancshares, Inc. (the Company)
completed the sale of 805,000 shares of its common stock, par
value $0.01 per share, at public offering price of $32.75 per
share, including 105,000 shares which were sold to the
underwriter, Sandler ONeill Partners, L.P., to an option to
purchase additional shares. The option to purchase additional
shares was exercised in full by the underwriter on April 28,
2017.
The net proceeds from the offering, including the shares issued
to the option exercise, totaled approximately $24.7 million,
after deducting the underwriting discount as well as estimated
offering expenses payable by the Company.
A copy of the press release issued by the Company announcing the
closing of the offering is attached to this report as Exhibit
99.1 and is incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | |||
| Number | Description | ||
| 5.1 | Opinion of Nelson Mullins Riley Scarborough, LLP. | ||
| 23.1 |
Consent of Nelson Mullins Riley Scarborough, LLP (included in Exhibit 5.1). |
||
| 99.1 | Press Release dated May 2, 2017. | ||
About Southern First Bancshares, Inc. (NASDAQ:SFST)
Southern First Bancshares, Inc. is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC) and providing commercial, consumer and mortgage loans to the public. In addition to deposit and loan services, the Company offers other bank services, such as Internet banking, cash management services, safe deposit boxes, direct deposit and automatic drafts for various accounts. The Bank offers a range of lending services, including real estate, commercial, and equity-line consumer loans to individuals and small- to medium-sized businesses, and professional firms. Southern First Bancshares, Inc. (NASDAQ:SFST) Recent Trading Information
Southern First Bancshares, Inc. (NASDAQ:SFST) closed its last trading session down -0.65 at 34.30 with 46,632 shares trading hands.
