Coastal Bancshares Acquisition Corp.

Merged
CIK: 1300335•Ticker: CBAS
Successfully merged with Intercontinental Bank Shares Corporation

SPAC Overview

$33.1M
IPO Size
$28.5M
Trust Amount
Completed
Current Status
2005
IPO Year

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

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

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.

Key Information

IPO Date
February 16, 2005
SIC
6770
Completion Date
November 1, 2006
Merger Target
Intercontinental Bank Shares Corporation
SPAC Ticker
CBAS