---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-011739"
form_type: "8-K"
ticker: "OPHC"
cik: "0001288855"
company_name: "OptimumBank Holdings, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:49:05.213025+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Raises $7.9M through private placement of common and preferred stock

## Summary
- Issued 1,511,025 common shares and 525,641 Series C preferred shares at $3.90 each, gross proceeds $7,942,997.
- Six investors participated; registration rights granted for 1,381,025 common shares.
- Compass Point Research and Trading acted as placement agent.
- Proceeds to fund operating expenses and bank capital support.
- Articles amended to authorize Series C preferred stock.

## SEC filing metadata
- accession: 0001493152-24-011739
- form_type: 8-K
- ticker: OPHC
- cik: 0001288855
- company_name: OptimumBank Holdings, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288855/000149315224011739/0001493152-24-011739-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288855/000149315224011739/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011739
- JSON: https://secwatch.observer/filing/0001493152-24-011739.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011739.txt

## Key facts
- Governance Changes
  OptimumBank Holdings, Inc.: Adopted articles of amendment authorizing Series C preferred stock.
  - Change: charter amendment
  source text: the Company adopted articles of amendment to its Articles of Incorporation authorizing and designating the Series C preferred stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288855/000149315224011739/0001493152-24-011739-index.htm
- Material Agreements
  OptimumBank Holdings, Inc. entered into subscription agreements with six investors (effective 2024-03-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: six investors
  - Effective: 2024-03-28
  source text: Effective March 28, 2024, OptimumBank Holdings, Inc. (the “Company”) entered into subscription agreements with six investors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288855/000149315224011739/0001493152-24-011739-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.