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- Recent Private Placement of $80 Million Convertible Preferred Stock At $3.50 Per Share (new) — The company raised $80 million in convertible preferred stock at the same effective price as this rights offering, diluting existing shareholders and excluding those investors from participating, which may signal insider advantage or capital urgency.
BayFirst Financial launches rights offering of up to 4.1M shares at $3.50, targeting $14.4M gross
Filed September 1, 2026 · ~1 min read
Key Changes
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BayFirst Financial is offering up to 4,107,908 shares at $3.50 per share to existing shareholders of record as of May 12, 2026, for gross proceeds of up to $14.4 million before expenses.
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The company will receive all gross proceeds of $14,377,678 if fully subscribed, as no sales agent fees are charged; proceeds are intended for general corporate purposes.
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Shareholders who purchased shares in the April 28, 2026 private placement of $80 million convertible preferred stock are excluded from participating in this rights offering.
The Offering verify on EDGAR →
1 more material change 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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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 1, 2026 · How we verify