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FirstSun Capital Bancorp Announces Uplisting to the Nasdaq Global Select Market
Rhea-AI Impact
(Moderate)
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Rhea-AI Summary
FirstSun Capital Bancorp, the holding company for Sunflower Bank, has announced its approval to list its common stock on the Nasdaq Global Select Market. Trading is set to commence on July 12, 2024, under the ticker symbol FSUN. Previously, the company's shares were traded on the OTCQX. Shareholders do not need to take any action due to this uplisting. CEO Neal Arnold highlighted this move as a significant milestone, emphasizing the enhanced transparency and broader investor base that Nasdaq offers.
Positive
Approval to list on Nasdaq Global Select Market.
Trading commencement on July 12, 2024, under the ticker symbol FSUN.
Enhanced transparency and broader investor base associated with Nasdaq.
Negative
None.
DENVER--(BUSINESS WIRE)--
FirstSun Capital Bancorp (Nasdaq: FSUN; “the Company” or “FirstSun”), the financial holding company for Sunflower Bank, N.A., today announced that FirstSun has received approval to list its common stock on the Nasdaq Global Select Market (“Nasdaq”) stock exchange. Trading on Nasdaq is expected to commence on Friday, July 12, 2024 under the Company’s current ticker symbol “FSUN”. Prior to listing on Nasdaq, the Company's shares traded on the OTCQX. Shareholders are not required to take any action as a result of the uplisting.
“Uplisting to a major national exchange represents a significant milestone for our Company and demonstrates our continued commitment to enhancing shareholder value. Nasdaq is widely recognized for its stringent listing requirements and transparency, making it an ideal platform for us to showcase our accomplishments and attract a broader investor base,” said Neal Arnold, CEO and President of FirstSun.
About FirstSun Capital Bancorp
FirstSun Capital Bancorp, headquartered in Denver, Colorado, is the financial holding company for Sunflower Bank, N.A., which operates as Sunflower Bank, First National 1870 and Guardian Mortgage. Sunflower Bank provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives, with a branch network in five states and mortgage capabilities in 43 states. FirstSun had total consolidated assets of $7.8 billion as of March 31, 2024.
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will,” “continue,” “focus on” “may,” “believe,” “expect,” “anticipate,” “intend,” “should,” “plan,” and “potential” and similar references to future periods. Examples of forward-looking statements include, among others, the statement that trading on Nasdaq will enhance stockholder value or attract a broader investor base. Forward-looking statements are not historical facts and represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, changes in U.S. monetary policy, the level and volatility of interest rates, the capital markets and other market conditions that may affect, among other things, our liquidity and the value of our assets and liabilities, our ability to execute on our growth strategy and each of the factors and risks under the heading “Risk Factors” in our 2023 Annual Report on Form 10-K, in our Quarterly Reports on Form 10-Q, and in subsequent filings we make with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by applicable law or regulation, FirstSun undertakes no obligation to revise or update any forward-looking statements.
