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  • Restatement (new) — Company disclosed that both 2025 and 2024 financial statements were restated, requiring auditor explanatory paragraph.
NASDAQ: BAFN BayFirst Financial Corp. S-1/A

BayFirst amends S-1 to disclose 2025 and 2024 financial restatement

Filed August 20, 2026 · Compared to S-1 Apr 30, 2026 · ~1 min read

Key Changes

  • high

    Auditor's report now contains an explanatory paragraph regarding restatement of both 2025 and 2024 consolidated financial statements, requiring the company to file an amended 10-K/A.

    Financial Restatement Disclosure view on EDGAR →
  • high

    Common shares outstanding increased from 4.1M to 27.0M between April and August 2026, reflecting conversion of the $80M April 2026 convertible preferred placement at $3.50/share.

    Security Ownership verify on EDGAR →
  • high

    Company used $9.7M of private placement proceeds to redeem outstanding Series A and Series B preferred stock on August 6, 2026, simplifying the capital structure.

    Preferred Stock Redemption view on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 21, 2026 · How we verify