{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-25-000232","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.560490+00:00","generated_at":"2026-05-17T21:29:04.739697+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"BayFirst discontinues Bolt SBA 7(a) loan program, cuts 51 jobs, suspends dividend","bullets":["Bolt loan program (SBA 7(a) working capital) discontinued effective immediately as part of strategic review.","51 positions eliminated (26 Bolt, 25 other areas), saving $6M annually; 17% of workforce.","Q2 2025 charge-offs and fair value write-downs on high-risk SBA 7(a) loans recorded; Q3 restructuring charge expected.","Dividend payments suspended and directors forgo board fees to offset impacts.","Company seeks to sell Bolt loan balances and origination platform to an unaffiliated third party."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-25-000232","json":"https://secwatch.observer/filing/0001649739-25-000232.json","markdown":"https://secwatch.observer/filing/0001649739-25-000232.md","text":"https://secwatch.observer/filing/0001649739-25-000232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973925000232/0001649739-25-000232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973925000232/bafn-20250804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:29:04.739697+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}