secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001649739-23-000282
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayFirst Financial raises $2.0M via private placement of Series C Convertible Preferred Stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973923000282/0001649739-23-000282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973923000282/bafn-20231018.htm
  HTML page:      https://secwatch.observer/filing/0001649739-23-000282

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