{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-23-000326","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2023-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.934850+00:00","generated_at":"2026-06-07T19:24:02.294912+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"BayFirst Financial issues $731k Series C Convertible Preferred Stock to 8 investors","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-23-000326","json":"https://secwatch.observer/filing/0001649739-23-000326.json","markdown":"https://secwatch.observer/filing/0001649739-23-000326.md","text":"https://secwatch.observer/filing/0001649739-23-000326.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000326/0001649739-23-000326-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000326/bafn-20231130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:24:02.294912+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":"de0d3c4b4f2bfe4883f6125dd3c7bdb3b5e7a16b","claim":"BayFirst Financial Corp. entered into Stock Purchase Agreements with 8 investors valued at $731 thousand (effective 2023-11-30).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649739/000164973923000326/0001649739-23-000326-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"8 investors"},{"label":"Value","value":"$731 thousand"},{"label":"Effective","value":"2023-11-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}