CoastalSouth Bancshares, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-06-30; filed 2025-08-11.
0001297107-25-000006
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationCurrent report: 10-Q
Period ended 2025-09-30; filed 2025-11-07.
0001193125-25-272276
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 17 previous paragraphs and 13 current paragraphs.
12 unchanged; 1 reworded; 0 added; 3 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Removed paragraphs (3)
Previous report
(b)Use of Proceeds
Previous report
On July 3, 2025 we completed our IPO of 2,035,000 shares of our common stock at an IPO price of $21.50 per share, with 1,700,000 shares sold by us and 335,000 shares sold by selling shareholders. On July 30, 2025, the underwriters purchased an additional 300,000 shares from the selling shareholders, exercising their option to purchase up to 305,250 shares from the selling shareholders within 30 days following the offering. We received proceeds of $34.0 million, net of underwriting discounts and commissions of approximately $2.5 million. We expect the estimated offering expenses payable by us to be approximately $1.9 million. Piper Sandler & Co. acted as bookrunner for the IPO, and Stephens Inc. acted as lead manager for the offering. None of the expenses associated with the IPO were paid to directors, officers, affiliates, persons owning 10% or more of any class of equity securities, or to their associates, or to our affiliates.
Previous report
All of the shares issued and sold in our IPO were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No. 333-287854), which was declared effective by the SEC on July 1, 2025. There has been no material change in the planned use of proceeds from our IPO from those disclosed in our final prospectus dated July 1, 2025 and filed with the SEC pursuant to Rule 424(b)(4) on July 2, 2025.
Reworded paragraphs (1)
Previous wording
Pursuant to Item 408(a) of Regulation S-K, none of the Company's directors or executive officers adopted, terminated ormodified a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the three months ended June 30, 2025..
Current wording
Pursuant to Item 408(a) of Regulation S-K, none of the Company's directors or executive officers adopted, terminated ormodified a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during thethree months ended September 30, 2025.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
(a)Unregistered Sales of Equity Securities