secwatch.observer — SEC 8-K summary
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Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001493152-24-011739
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315224011739/0001493152-24-011739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315224011739/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011739

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer