Nelson Mullins Riley & Scarborough LLP represented Southern First Bancshares, Inc. in connection with its underwritten public offering of common stock, which closed on April 17, 2026. In the offering, Southern First issued 1,207,500 shares of common stock, including shares issued pursuant to the underwriters’ full exercise of their option to purchase additional shares, at a public offering price of $54.00 per share, for aggregate gross proceeds of approximately $65.2 million.

Southern First expects to use the net proceeds from the offering for general corporate purposes, including supporting organic growth initiatives, providing capital to its bank subsidiary, redeeming or repurchasing outstanding indebtedness, including subordinated debt, and funding working capital needs.

The Nelson Mullins team was led by partners Ben Barnhill and Brittany McIntosh, with associate Clara Noble.

More information regarding the offering is available from the Company’s press release.