Coastal Bancshares, Inc. (NYSE Uplisting)

General Information
Business:

Note: This is NOT an IPO. This is an NYSE Uplisting – a public offering conducted in connection with Coastal Bancshares’ uplisting to the New York Stock Exchange from the OTCQX Marketplace. Our stock trades the stock symbol “COSO” on the OTCQX Marketplace.

We are a bank holding company. Our flagship bank, Coastal States Bank, operates 11 branches in Georgia and South Carolina. We serve the Atlanta, Georgia, metropolitan area, as well as Savannah, Georgia, and the Low Country of South Carolina with a wide range of banking products and services.

Note: Net income and revenue are for the 12 months that ended March 31, 2025.

(Note: CoastalSouth Bancshares is conducting a public offering of its stock – 2.6 million shares at a price range of $21.50 to $23.50 – to raise $59 million, according to its S-1 filing. This public offering is being conducted in connection with CoastalSouth Bancshares’ uplisting to the NASDAQ from the OTC Marketplace. Of the 2.6 million shares in the public offering, the company is offering 1.69 million shares and the selling stockholder is offering 910,000 shares, according to the prospectus.)

Industry: Community bank holding company
Employees: 180
Founded: 2003
Contact Information
Address 400 Galleria Parkway, Suite 1900, Atlanta, GA 30339
Phone Number (678) 396-4605
Web Address http://www.coastalstatesbank.com/
View Prospectus: Coastal Bancshares, Inc. (NYSE Uplisting)
Financial Information
Market Cap $269.42mil
Revenues $72.1 mil (last 12 months)
Net Income $24.53 mil (last 12 months)
IPO Profile
Symbol COSO
Exchange NYSE
Shares (millions): 2.6
Price range $21.50 - $23.50
Est. $ Volume $59.0 mil
Manager / Joint Managers Piper Sandler/Stephens
CO-Managers
Expected To Trade: 7/2/2025
Day: Wednesday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change