secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001649739-23-000298
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayFirst Financial Corp. raises $1.76M via private placement of Series C Convertible Preferred Stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973923000298/0001649739-23-000298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973923000298/bafn-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001649739-23-000298

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