other material
confidence high
sentiment neutral
materiality 0.50
OptimumBank Holdings raises ~$2.1M via private placements of common stock
OptimumBank Holdings, Inc.
- Issued 262,417 shares in June 2021: 23,529 at $4.25, rest at $4.50 per share to four accredited investors.
- Issued additional 205,823 shares in July 2021 at $4.50 to four accredited investors; director Martin Schmidt bought 5,323 shares.
- Proceeds used to maintain OptimumBank's regulatory capital and fund business expansion and lending.