Steven Cost is listed as a director on 7 SEC Form D filings by 2 issuers between May 2019 and Aug 2025: Merit Holdings, LLC (Huntsville, AL — commercial banking — 2019–2022; $24.5M reported sold to 155 investors) and Merit Bancorporation, Inc. (Huntsville, AL — commercial banking — 2025; $10M reported sold to 9 investors).
What this means 2 separate companies raised money with this person listed as director, over about 6 years. Across those companies the filings report $34.5M sold in total.
All 2 issuers belong to the sponsor group Merit (2 issuers, $18.4M reported sold, 2019–2025).
What this means A sponsor group is one team that sets up a new company for each deal. Merit has 2 companies on file and $18.4M reported sold in total — the group page shows the whole track record in one place.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA) — none found.
What this means Nothing turned up where we looked (3 sources). That does not prove there is nothing — it means none was found in those sources on that date.
We compared 7 public filings for Steven Cost and found 4 differences: No amendment in the last 12 months on an offering that may still be open; Steven Cost is written 2 different ways on the filings; and more below.
What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.