{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-23-000298","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.934652+00:00","generated_at":"2026-06-09T00:30:24.837945+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"BayFirst Financial Corp. raises $1.76M via private placement of Series C Convertible Preferred Stock","bullets":["Issued 1,760 shares of Series C Cumulative Convertible Preferred Stock at $1,000/share to 9 investors for $1.76M in gross proceeds.","Proceeds will fund operating expenses or contribute capital to BayFirst National Bank to support growth.","Shares sold in reliance on Section 4(a)(2) and Rule 506; offering terms include cumulative dividend and conversion rights.","Preferred stock preferences detailed in Articles of Amendment filed as Exhibit 3.1."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-23-000298","json":"https://secwatch.observer/filing/0001649739-23-000298.json","markdown":"https://secwatch.observer/filing/0001649739-23-000298.md","text":"https://secwatch.observer/filing/0001649739-23-000298.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000298/0001649739-23-000298-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000298/bafn-20231031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T00:30:24.837945+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":"0cc174c5d133f7b877817b6082718646d7e50136","claim":"BayFirst Financial Corp. entered into Stock Purchase Agreements with 9 investors valued at $1.760 million (effective 2023-10-31).","evidence_excerpt":"On October 31, 2023, BayFirst Financial Corp. (the “Company”) entered into Stock Purchase Agreements with 9 investors and, pursuant thereto, issued 1,760 shares of Series C Cumulative Convertible Preferred Stock (“Series C Preferred Stock”) at $1,000 per share, for $1.760 million in gross proceeds.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000298/0001649739-23-000298-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"9 investors"},{"label":"Value","value":"$1.760 million"},{"label":"Effective","value":"2023-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}