BayFirst files S-1/A #2 correcting share count by 165 shares; removes investor-governance terms

Filed August 21, 2026 · Compared to S-1/A Aug 20, 2026 · ~1 min read

Key Changes

• medium

  Amendment removes disclosure of Kenneth Lehman's board-designation and anti-dilution gross-up rights, which were granted in the preferred-stock purchase agreement and should persist as long as Lehman holds a material stake.

  Prospectus Summary verify on EDGAR →
• medium

  Registration Rights Agreement section removed, including liquidated-damages provision (1.0% monthly on unregistered shares if filing deadlines missed). Removal suggests registration statement now effective, satisfying the agreement's obligations.

  Prospectus Summary verify on EDGAR →
• medium

  Collaborative asset work-out plan with Lehman (to accelerate resolution of problem assets) removed from disclosure. Status of the plan unclear—may be complete or abandoned.

  Prospectus Summary verify on EDGAR →