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BAFN 424B3: Secondary offering

BayFirst Financial Corp.

Filed with the SEC on · accession 0001649739-26-000089

BAFN filed a 424B3 (prospectus (offering)) with the SEC on Aug 24, 2026. BayFirst Financial Corp. filed a prospectus for the resale of up to 22,856,000 shares of common stock by selling shareholders, issued upon conversion of Series D and Series E Preferred Stock from a private placement that closed on April 28, 2026. The stock moved +4.1% by the first close after the filing.

Summary of the filing

BayFirst Financial Corp. filed a prospectus for the resale of up to 22,856,000 shares of common stock by selling shareholders, issued upon conversion of Series D and Series E Preferred Stock from a private placement that closed on April 28, 2026. The company will not receive any proceeds from the sales.

For details, click here →How to read a 424B3 →

Key details

Maximum shares of common stock offered for resale$22.9M
Closing stock price on August 19, 2026$7
IssuerBayFirst Financial Corp.

How BAFN stock reacted

Close before

$7.31

Aug 21, 2026

First close after

+4.10%

$7.61

5 trading days

-9.58%

$6.61

Since filing

-21.75%

$5.72

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Frequently asked questions

What did BAFN file with the SEC on Aug 24, 2026?

BAFN filed a 424B3 (Secondary offering). BayFirst Financial Corp. filed a prospectus for the resale of up to 22,856,000 shares of common stock by selling shareholders, issued upon conversion of Series D and Series E Preferred Stock from a private placement that closed on April 28, 2026. The company will not receive any proceeds from the sales.

What does a secondary offering mean for BAFN stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did BAFN stock react to this filing?

BAFN closed at $7.31 before the filing and $7.61 on Aug 24, 2026 (+4.10%). Five trading days later: $6.61 (-9.58%).

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