Coastal Bancshares Acquisition Corp.
Completed 2006-11-01- CIK 1300335
- CBAS
- IPO 2005-02-16
- $28.5M trust
- 103 filings
Successfully merged with Intercontinental Bank Shares Corporation
- IPO Size
- $33.1M
- raised at the IPO
- Trust Amount
- $28.5M
- held for shareholders
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2005
- year it listed
Filings, by quarter
103 filings over 15 quarters; violet bars carry a milestone
- 04 Q3: 2 filings
- 04 Q4: 1 filing
- 05 Q1: 26 filings
- 05 Q2: 4 filings
- 05 Q3: 1 filing
- 05 Q4: 2 filings
- 06 Q1: 8 filings
- 06 Q2: 11 filings
- 06 Q3: 13 filings
- 06 Q4: 17 filings
- 07 Q1: 15 filings
- 07 Q2: 2 filings
- 07 Q3: 0 filings
- 07 Q4: 0 filings
- 08 Q1: 1 filing
- S-1 filed 04 Q3
- IPO 05 Q1
- Definitive agreement 06 Q2
- Completed 06 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Coastal Bancshares Acquisition Corp. is a blank-check company formed to acquire or merge with an operating commercial bank or commercial bank holding company, particularly one with $100–$500 million in assets. It intends to use the offering proceeds and its capital to complete a business combination.
Investment Focus
Financial Services
Geographic Focus
United States
Key Information
As the filings state it
- IPO Date
- 2005-02-16
- SIC
- 6770
- Completion Date
- 2006-11-01
- Merger Target
- Intercontinental Bank Shares Corporation
- SPAC Ticker
- CBAS
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team has management experience operating and growing banks and commercial finance businesses. Co-CEOs Donald Brunson and Cary Grossman have substantial banking, finance, investment banking and corporate leadership experience; the directors and senior vice president bring banking, investment, restructuring and corporate-development experience.