BayFirst Financial Corp. (BAFN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 82.75% of current shares
Recent Dilution: 0.28% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
4.1M
Potential Supply
3.4M
Additional shares possible
Splits
None
Past 2 years

Summary

BAFN currently has 4.11M outstanding shares. with significant dilution risk as 3.4M authorized shares could dilute existing holders by 82.7%. The company has minimally diluted shareholders by 0.28% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
Mar 27, 2026

10-K filing | 4.1M shares outstanding

4.1M 3.4M
Nov 12, 2025

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
Aug 11, 2025

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
May 13, 2025

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
Mar 25, 2025

10-K filing | 4.1M shares outstanding

4.1M 3.4M
Nov 13, 2024

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
Aug 12, 2024

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
May 13, 2024

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
Mar 28, 2024

10-K filing | 4.1M shares outstanding

4.1M 3.4M
Jan 02, 2024

8-K filing: BayFirst Financial Corp. issued 125 shares of Series C Cumulative Convertible Preferred Stock at $1,000 per share for $125 thousand in gross proceeds on December 29, 2023, and since September 30, 2023, issued a total of 6,446 shares to 49 investors with $6.446 million in gross proceeds. ($6.57M proceeds)

4.1M 3.4M
Dec 01, 2023

8-K filing: BayFirst Financial Corp. issued 731 shares of Series C Cumulative Convertible Preferred Stock at $1,000 per share, for $731 thousand in gross proceeds, to pay operating expenses or contribute capital to BayFirst National Bank. ($0.73M proceeds)

4.1M 3.4M
Nov 13, 2023

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
Nov 02, 2023

8-K filing: BayFirst Financial Corp. issued 1,760 shares of Series C Cumulative Convertible Preferred Stock at $1,000 per share, for $1.760 million in gross proceeds. ($1.76M proceeds)

4.1M 3.4M
Oct 19, 2023

8-K filing: BayFirst Financial Corp. issued 1,995 shares of Series C Cumulative Convertible Preferred Stock at $1,000 per share, for $1.995 million in gross proceeds. ($2.0M proceeds)

4.1M 3.4M
Oct 02, 2023

8-K filing: BayFirst Financial Corp. issued 1,835 shares of Series C Cumulative Convertible Preferred Stock at $1,000 per share, for $1.835 million in gross proceeds on September 30, 2023. ($1.84M proceeds)

4.1M 3.4M
Aug 11, 2023

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
May 15, 2023

10-Q filing | 4.1M shares outstanding

4.1M 3.4M
Mar 28, 2023

10-K filing | 4.0M shares outstanding

4M 3.4M
Nov 10, 2022

10-Q filing | 4.0M shares outstanding

4M 3.4M
Aug 12, 2022

10-Q filing | 4.0M shares outstanding

4M 3.4M
May 13, 2022

10-Q filing | 4.0M shares outstanding

4M 3.4M
Mar 31, 2022

10-K filing | 4.2M shares outstanding

4.2M 3.4M
Feb 07, 2022

S-1/A filing: This S-1/A filing discusses the terms of Series B Convertible Preferred Stock redemption, details outstanding warrants to purchase common stock, and mentions the company's transfer agent and indemnification policies.

3.9M 3.4M
Jan 20, 2022

S-1 filing: This S-1 filing discusses the terms of Series B Convertible Preferred Stock and warrants to purchase common stock, including redemption rights, exercise prices, and expiration dates, and also covers indemnification, supervision, and regulation as a bank holding company.

3.9M 3.4M
Dec 16, 2021

10-Q filing | 3.9M shares outstanding

3.9M 3.4M
Nov 03, 2021

S-1/A filing: This S-1/A filing registers the resale of common stock and warrants by existing stockholders.

3.9M 3.4M
Oct 01, 2021

S-1/A filing: S-1/A filing on 2021-10-01 registering the resale of common stock and warrants by existing stockholders; the company will not receive any proceeds from the sale of these shares.

3.9M 3.4M
Aug 31, 2021

S-1/A filing: This S-1/A filing registers the resale of common stock and warrants by existing stockholders; the company will not receive any proceeds from the resale of shares.

3.9M 4M
May 11, 2021

S-1 filing: S-1 filing for the registration of the resale of up to 3,859,911.735 shares of common stock by stockholders, as well as 43,044 warrants to purchase common stock and 43,044 shares of common stock underlying such warrants.

3.5M 3.9M
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