BayFirst Financial registers 22.9M shares for resale by preferred stock investors

Filed August 24, 2026 · ~1 min read

Key Changes

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  This is a resale registration for 22,856,000 common shares already issued to selling shareholders upon conversion of Series D and E mandatorily convertible preferred stock from an April 2026 private placement. BayFirst receives zero proceeds.

  The Offering verify on EDGAR →
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  At the August 19, 2026 closing price of $7.38 per share, the registered shares represent approximately $169 million in potential selling pressure from the April 2026 preferred stock investors.

  The Offering verify on EDGAR →
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  All proceeds from sales of these 22,856,000 shares go to the selling shareholders (the preferred stock investors). This is pure secondary dilution with no capital raise for the company.

  The Offering verify on EDGAR →