{"schema_version":"secwatch.filing_event.v1","accession":"0001649739-25-000241","form_type":"8-K","ticker":"BAFN","cik":"0001649739","company_name":"BayFirst Financial Corp.","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.560602+00:00","generated_at":"2026-05-17T05:24:38.180879+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BayFirst to sell $103M in SBA 7(a) loans to Banesco USA; exits SBA lending business","bullets":["Sells ~$103M SBA 7(a) loan balances at 97% of unpaid principal, plus book value of servicing rights.","BayFirst will exit SBA 7(a) lending; majority of SBA staff offered positions at Banesco USA.","Transaction expected to close in Q4 2025; Banesco USA will service both purchased and retained SBA loans.","CEO says sale derisks balance sheet and supports community bank growth, deposit growth, and fee income."],"urls":{"canonical":"https://secwatch.observer/filing/0001649739-25-000241","json":"https://secwatch.observer/filing/0001649739-25-000241.json","markdown":"https://secwatch.observer/filing/0001649739-25-000241.md","text":"https://secwatch.observer/filing/0001649739-25-000241.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649739/000164973925000241/0001649739-25-000241-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649739/000164973925000241/bafn-20250925.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:24:38.180879+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"}