Sunshine Bancorp, Inc., a Maryland corporation and the proposed holding company for Sunshine State Federal Savings and Loan Association (“Sunshine State Bank”), is offering shares of common stock for sale at $10.00 per share in connection with the conversion of Sunshine State Bank from the mutual to the stock form of organization. There is currently no established market for our common stock. We expect that our common stock will be traded on the Nasdaq Capital Market under the symbol “SBCP” upon conclusion of the stock offering. We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act.
We are offering up to 3,680,000 shares of common stock for sale at a price of $10.00 per share on a best efforts basis. We may sell up to 4,232,000 shares of common stock because of demand for the shares of common stock or changes in market conditions, without resoliciting subscribers. We must sell a minimum of 2,720,000 shares in order to complete the offering. Source: Filing
