BayFirst Financial is offering up to 4,108,072 common shares at $3.50 each in a rights offering for shareholders of record as of May 12, 2026. Investors who meet that record-date condition are being sent the prospectus and rights card, while the company identifies the offering as the next Recapitalization step.

Key Highlights

  • Chief Financial Officer Scott McKim described the offering as the next step in BayFirst Financial’s recapitalization.
  • BayFirst Financial Corp. is offering up to 4,108,072 shares of common stock at $3.50 each through a rights offering.
  • Eligible shareholders are being sent a prospectus and rights card for the common stock offering.

BayFirst Financial Corp. (NASDAQ: BAFN) is offering up to 4,108,072 shares of common stock at $3.50 each through a rights offering, giving eligible shareholders a subscription opportunity.

SEC Effectiveness Clears Subscription Process

The final prospectus contains further information about the rights offering and was made available on September 1, 2026. BayFirst said the prospectus and rights card are being sent to shareholders who qualify to exercise subscription rights. Regan & Associates, Inc. has been engaged as the information agent for the offering, with eligible shareholders able to direct questions to the firm.

Recapitalization Step for Eligible Holders

Scott McKim, BayFirst Financial’s chief financial officer, described the rights offering as the next step in the company’s recapitalization. Eligible shareholders receiving the rights card have the materials identified for considering whether to exercise their subscription rights.