secwatch.observer — SEC 8-K summary
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Issuer:     OptimumBank Holdings, Inc. (OPHC)
CIK:        0001288855
Form:       8-K
Filed at:   2026-08-19T20:43:15+00:00
Accession:  0001493152-26-039232
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OptimumBank issues $35M subordinated notes, 7.5% fixed-to-floating due 2036
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- Sold $35.0M aggregate principal of 7.50% Fixed-to-Floating Rate Subordinated Notes due 2036 at 100% face value.
- Fixed rate 7.50% through Aug 31, 2031, then resets quarterly to 3-month SOFR plus 340 basis points.
- Redeemable at company's option on/after September 1, 2031; maturity September 1, 2036.
- Net proceeds for general corporate purposes; notes intended to qualify as Tier 2 capital.
- Private placement under Rule 506(b); registration rights agreement requires exchange offer for registered notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288855/000149315226039232/0001493152-26-039232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288855/000149315226039232/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-039232

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