• Shareholders met July 14, 2026, backing issuance of common stock tied to conversion or exchange of Series D and Series E preferred stock.
• They also adopted an amendment raising authorized common shares to 100,000,000 from 15,000,000.
• Following those approvals, BayFirst Financial exchanged 4,000 shares of Series E preferred held by Kenneth R. Lehman for 11,428,000 common shares.
• The exchanged common shares represent 42.38% of outstanding common stock as of the filing date.
• An adjournment resolution was not taken up, with the meeting ending without considering it.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bayfirst Financial Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001649739-26-000042), on July 16, 2026, and is solely responsible for the information contained therein.