BayFirst Financial Corp. issues additional Series C Preferred stock, raising total $6.446 million

BayFirst Financial Corp.

Issued 125 shares of Series C Convertible Preferred at $1,000/share on Dec 29, 2023, for $125k gross proceeds.
Since Sept 30, 2023 offering start, total 6,446 shares issued to 49 investors raising $6.446 million.
Proceeds to pay operating expenses or contribute capital to BayFirst National Bank for growth.
Shares issued under Section 4(a)(2) and Rule 506 exemption from registration.
Stock Purchase Agreement form filed as Exhibit 10.1.

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 2 investors valued at $125 thousand (effective 2023-12-29).

Action: entry
Agreement: equity purchase
Counterparty: 2 investors
Value: $125 thousand
Effective: 2023-12-29

Exact text from the filing

On December 29, 2023, BayFirst Financial Corp. (the “Company”) entered into Stock Purchase Agreements with 2 investors and, pursuant thereto, issued 125 shares of Series C Cumulative Convertible Preferred Stock (“Series C Preferred Stock”) at $1,000 per share, for $125 thousand in gross proceeds.

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BayFirst Financial Corp. filing history →

Source: SEC EDGAR

accession 0001649739-24-000005

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