Southern First Bancshares to Offer 1.05M Shares at $54

Southern First Bancshares, Inc. and its subsidiary, Southern First Bank, entered into an Underwriting Agreement to offer 1,050,000 shares of common stock at $54.00 per share. The company expects to receive approximately $53.2 million in net proceeds from this public offering. Additionally, the underwriters have a 30-day option to purchase up to an extra 157,500 shares, which could increase net proceeds to about $61.3 million. This capital raise will support the company's operations.