CoastalSouth Bancshares Uplists to NYSE, Expected to Begin Trading July 2

CoastalSouth Bancshares, Inc. announced its shares of common stock have been approved for listing on the New York Stock Exchange (NYSE). Trading is expected to begin on or about July 2, 2025, under the symbol "COSO." The company's shares will continue to trade on the OTCQX Best Market until the close of trading on July 1, 2025. Stockholders do not need to take any action prior to the listing on the NYSE.

CoastalSouth Bancshares, Inc. has received approval for its shares of common stock to be listed on the New York Stock Exchange (NYSE). Trading is anticipated to commence on or about July 2, 2025, under the ticker symbol "COSO." Until the close of trading on July 1, 2025, the company's shares will continue to trade on the OTCQX Best Market. Shareholders are advised that no action is required prior to the listing on the NYSE.

The company, headquartered in Atlanta, Georgia, operates through its wholly-owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank. Coastal States Bank offers a comprehensive range of banking products and services in the rapidly growing markets of the Lowcountry of South Carolina, Savannah, Georgia, and the Atlanta metropolitan area. The bank has a strong focus on risk management, with a nonperforming assets to total assets ratio of 0.70% as of March 31, 2025.

CoastalSouth Bancshares' initial public offering (IPO) was launched on June 24, 2025, with the company offering 2,600,000 shares of its common stock. The IPO price range was set between $21.50 and $23.50 per share, with Piper Sandler acting as the sole bookrunner and Stephens Inc. as the lead manager. The company expects to use the net proceeds from the offering primarily for working capital, organic growth, strategic acquisitions, branch expansion, and repaying debt.

The company's IPO has raised significant interest, with the expectation of commanding a fully diluted market value of $281 million at the midpoint of the proposed range. The IPO is expected to enhance the company's visibility, expand its investor base, and improve the liquidity of its shares.

For more information on CoastalSouth Bancshares, Inc., please visit [Coastal States Bank](https://www.coastalstatesbank.com/).

References:
[1] https://www.businesswire.com/news/home/20250624121288/en/CoastalSouth-Bancshares-Inc.-Announces-Launch-of-Initial-Public-Offering
[2] https://www.renaissancecapital.com/IPO-Center/News/111694/Southeastern-community-bank-CoastalSouth-Bancshares-sets-terms-for-$59-mill
[3] https://www.stocktitan.net/news/CHRO/channel-therapeutics-announces-reverse-common-stock-split-in-3robu3p8x5ep.html
[4] https://za.investing.com/news/stock-market-news/coastalsouth-bancshares-launches-26m-share-ipo-at-21502350sh-432SI-3766303