Third Coast Bancshares Provides Supplemental Merger Disclosures to Address Shareholder Demands

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This filing is very important as Third Coast Bancshares is proactively addressing shareholder demand letters alleging material omissions in the joint proxy statement/prospectus for its merger with Keystone Bancshares. While denying the allegations, the company provided additional details on the financial advisor's valuation analyses, including discounted cash flow inputs, comparable company metrics, and transaction multiples. Crucially, the filing also includes previously unreleased prospective financial information for both companies. This action aims to mitigate potential legal risks and ensure the smooth progression of the merger, which remains on schedule with no changes to the merger consideration. Investors should review these enhanced disclosures for a more complete understanding of the financial rationale behind the transaction.

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• Shareholder Demands Addressed

  Third Coast Bancshares received four demand letters from shareholders alleging material omissions in the joint proxy statement/prospectus for the Keystone merger.

• Supplemental Disclosures Filed

  The company filed additional disclosures to moot these claims, explicitly denying any legal necessity or materiality of the omissions.

• Enhanced Financial Analysis Details

  The supplemental disclosures provide more granular information on the financial advisor's discounted cash flow analysis, including terminal multiples and adjusted net income figures.

• Prospective Financial Information Released

  New tables presenting unaudited prospective financial information for both Third Coast and Keystone (standalone and with synergies) for 2025-2031 were disclosed.

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This filing is very important as Third Coast Bancshares is proactively addressing shareholder demand letters alleging material omissions in the joint proxy statement/prospectus for its merger with Keystone Bancshares. While denying the allegations, the company provided additional details on the financial advisor's valuation analyses, including discounted cash flow inputs, comparable company metrics, and transaction multiples. Crucially, the filing also includes previously unreleased prospective financial information for both companies. This action aims to mitigate potential legal risks and ensure the smooth progression of the merger, which remains on schedule with no changes to the merger consideration. Investors should review these enhanced disclosures for a more complete understanding of the financial rationale behind the transaction.