Mergers & Acquisitions ·
On July 14, 2026, shareholders approved a significant change in control as BayFirst Financial Corp. exchanged 4,000…
BAFNBayFirst Financial Corp.
On July 14, 2026, shareholders approved a significant change in control as BayFirst Financial Corp. exchanged 4,000 shares of Series E Mandatorily Convertible Cumulative Perpetual Preferred Stock owned by Kenneth R. Lehman for 11,428,000 shares of common stock. This transaction results in Mr. Lehman holding 42.38% of the company's outstanding common shares and grants him the right to designate one director to the company's and the bank's boards. Additionally, shareholders approved an amendment to the Articles of Incorporation to increase authorized common stock from 15,000,000 to 100,000,000 shares. BayFirst Financial Corp. is a financial services company providing banking services.