OptimumBank completes exchange offer, retires all remaining TruPS with 689,572 shares

OptimumBank Holdings, Inc.

Issued 689,572 common shares at $3.00/share to retire $2,068,716 of Trust Preferred Securities (TruPS).
All remaining TruPS acquired; trust to be terminated, increasing stockholders' equity.
Entities controlled by directors Chan Heng Fai Ambrose (282,377 shares) and Michael Blisko (207,550 shares) participated.
Company raised over $19.5M in equity since FY2020, including $5M in Q2 2021 common stock sale.
Transaction expected to enhance capital structure and support regulatory compliance.

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