other material
confidence high
sentiment neutral
materiality 0.55
OptimumBank Holdings raises $2.1M via private placement of 467,740 shares at $4.50
OptimumBank Holdings, Inc.
- Issued 467,740 shares at $4.50/share to seven accredited investors for aggregate proceeds of $2,104,830.
- Director Martin Schmidt purchased 5,323 shares under the company's equity incentive plan.
- Net proceeds will be contributed to OptimumBank to maintain regulatory capital and fund loan growth and expansion.
- Shares were sold in a private placement exempt from registration under Section 4(a)(2) of the Securities Act.