BayFirst Financial issues $731k Series C Convertible Preferred Stock to 8 investors

BayFirst Financial Corp.

Issued 731 shares of Series C Cumulative Convertible Preferred at $1,000/share for $731k gross proceeds.
Shares sold to 8 accredited investors under Section 4(a)(2) and Rule 506 exemption.
Proceeds to fund operating expenses or contribute capital to BayFirst National Bank.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BayFirst Financial Corp. entered into Stock Purchase Agreements with 8 investors valued at $731 thousand (effective 2023-11-30).

Action: entry
Agreement: equity purchase
Counterparty: 8 investors
Value: $731 thousand
Effective: 2023-11-30

Exact text from the filing

BayFirst Financial Corp. (the “Company”) entered into Stock Purchase Agreements with 8 investors and, pursuant thereto, issued 731 shares of Series C Cumulative Convertible Preferred Stock (“Series C Preferred Stock”) at $1,000 per share, for $731 thousand in gross proceeds.

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BayFirst Financial Corp. filing history →

Source: SEC EDGAR

accession 0001649739-23-000326

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