{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-23-000282","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2023-10-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.934035+00:00","generated_at":"2026-06-09T20:51:10.701855+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"BayFirst Financial raises $2.0M via private placement of Series C Convertible Preferred Stock","bullets":["Issued 1,995 shares of Series C Cumulative Convertible Preferred at $1,000/share for $1.995M gross proceeds.","Sold to 12 investors in a private placement exempt under Section 4(a)(2) and Rule 506.","Proceeds to be used for operating expenses or capital contribution to BayFirst National Bank.","Series C Preferred carries cumulative dividend and conversion rights per the Articles of Amendment filed as Exhibit 3.1."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-23-000282","json":"https://secwatch.observer/filing/0001649739-23-000282.json","markdown":"https://secwatch.observer/filing/0001649739-23-000282.md","text":"https://secwatch.observer/filing/0001649739-23-000282.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000282/0001649739-23-000282-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000282/bafn-20231018.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T20:51:10.701855+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5cb83de7fe83e49ba2eeec98d8c9c2dd613a56d1","claim":"BayFirst Financial Corp. entered into Stock Purchase Agreements with 12 investors valued at $1.995 million in gross proceeds (effective 2023-10-18).","evidence_excerpt":"On October 18, 2023, BayFirst Financial Corp. (the “Company”) entered into Stock Purchase Agreements with 12 investors and, pursuant thereto, issued 1,995 shares of Series C Cumulative Convertible Preferred Stock (“Series C Preferred Stock”) at $1,000 per share, for $1.995 million in gross proceeds.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000282/0001649739-23-000282-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"12 investors"},{"label":"Value","value":"$1.995 million in gross proceeds"},{"label":"Effective","value":"2023-10-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}