BayFirst Financial Corp. announced that it has entered into a Stock Purchase Agreement that it has issued 731 shares of Series C Cumulative Convertible Preferred Stock at $1,000 per share for the gross proceeds of $731,000 on November 30, 2023. The Company issued the shares 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.