Every S-1 that BayFirst Financial Corp. (BAFN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A S-1 covers the registration statement a company files to sell shares publicly, so if you follow BAFN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BAFN filings page.
BayFirst Financial Corp. (BAFN) filed Amendment No. 2 to its Form S-1 for a primary rights-style offering of up to 4,107,908 shares of common stock at $3.50 per share, for a maximum gross raise of $14.38 million. Shareholders of record at 5:00 p.m. ET on May 12, 2026 may subscribe for one new share for each share owned on the record date; holders that bought in the April 2026 private placement cannot participate. Subscriptions are irrevocable, generally must be received by 5:00 p.m. ET on September __, 2026, and are handled through Continental Stock Transfer & Trust as subscription and escrow agent.
If not fully subscribed, all remaining shares may be purchased at the offering price by Kenneth R. Lehman. BayFirst expects net proceeds of about $14.0 million, to be used to strengthen capital at the company and BayFirst National Bank, fund incremental allowance for credit losses, and support growth and a return to profitability. This follows an $80 million private placement of mandatorily convertible preferred stock at an equivalent $3.50 per common share and shareholder approval to increase authorized common stock to 100,000,000 shares. As of August 20, 2026, BayFirst had 26,962,815 common shares outstanding and estimates 31,070,723 shares would be outstanding if this offering is fully subscribed.
BayFirst Financial Corp. (BAFN) is registering the resale of up to 22,856,000 shares of common stock. These shares were issued upon the conversion of its Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series D and Series E, which were sold in an April 28, 2026 private placement.
The company states that selling shareholders may dispose of their shares from time to time using various methods described under the plan of distribution. BayFirst will not receive any proceeds from these resales, though it received $80,000,000 in gross proceeds from the original preferred stock private placement and used $9,704,434 to redeem Series A and B preferred stock. A key holder, Kenneth R. Lehman, holds 11,428,000 shares, or about 42.38% of the registered shares and has contractual rights to designate one board member. BayFirst is an emerging growth company and notes risks including stock price volatility and potential downward pressure from large shareholder sales.
BayFirst Financial Corp. (BAFN) has filed Amendment No. 1 to a Form S-1 for a shareholder offering of up to 4,108,072 shares of common stock at $3.50 per share, available to holders of record at 5:00 p.m. ET on May 12, 2026, other than investors in the recent private placement. If fully subscribed, BayFirst would raise $14.38 million in gross proceeds, with estimated net proceeds of about $14.0 million.
The company states it will use the proceeds to improve capital levels at BayFirst and BayFirst National Bank, fund incremental allowance for credit losses, and support the Bank’s growth and efforts to return to profitability. Any unsubscribed shares may be purchased by investor Kenneth R. Lehman at the same price. The subscription ability is non-transferable, carries no trading market, and all subscriptions are irrevocable except in specified extension or fundamental-change scenarios. BayFirst’s stock trades on the Nasdaq Capital Market under the symbol BAFN; it had 26,962,815 shares outstanding as of August 18, 2026 and expects 31,070,888 shares outstanding if the offering is fully completed.
BayFirst Financial Corp. (BAFN) has filed Amendment No. 1 to a Form S-1 to register the resale of up to 22,856,000 shares of common stock. These shares were issued on July 14, 2026 upon conversion or exchange of the company’s Series D and Series E Mandatorily Convertible Cumulative Perpetual Preferred Stock that were sold in an April 28, 2026 private placement.
The registration allows the identified selling shareholders, led by Kenneth R. Lehman, to dispose of their shares over time by various methods, while BayFirst will not receive any proceeds from these sales. The April private placement generated $80,000,000 in gross proceeds, of which $9,704,434 was used to redeem existing Preferred Series A and B stock. The filing highlights BayFirst’s status as an emerging growth company, outlines detailed resale mechanics and investor risks including stock price volatility, potential market overhang from large shareholder sales, and Mr. Lehman’s concentrated ownership of about 42.38% of outstanding common stock.
BayFirst Financial Corp. is registering for resale up to 22,856,000 shares of common stock issued upon conversion of its Series D and Series E Mandatorily Convertible Cumulative Perpetual Preferred Stock. These shares are held by selling shareholders from an April 28, 2026 private placement.
The selling shareholders may dispose of their shares over time using various methods, and BayFirst will not receive proceeds from these resales. The company previously received $80,000,000 in gross proceeds in the private placement and used $9,704,434 to redeem Preferred Series A and B stock. BayFirst remains an emerging growth company, has suspended common dividends since July 2025, and notes risks including stock price volatility, potential market overhang from large shareholder sales, and significant ownership concentration, with one investor holding over 40% of common shares.
BayFirst Financial Corp. is conducting a primary common stock offering to existing shareholders. The company is registering up to 4,108,072 shares of common stock at $3.50 per share, matching the effective conversion price of a recent private placement of $80 million in mandatorily convertible preferred stock. If fully subscribed, the offering would generate gross proceeds of about $14.38 million, with approximately $14.09 million to BayFirst before expenses and an estimated $13.8 million net. The board makes no recommendation and subscriptions are non‑transferable and generally irrevocable. Proceeds are intended to strengthen capital at the company and bank, fund additional credit loss allowance, and support growth and a return to profitability.