BayFirst Financial Corp. announced that it has entered into the Stock Purchase Agreements with 2 investors to issue 125 shares of Series C Cumulative Convertible Preferred Stock at an issue price of $1,000 per share for the gross proceeds of $125,000 on December 29, 2023. The shares issued are in reliance on the exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 promulgated thereunder.