OptimumBank Holdings seals $850,840 private placements of common stock

Deals sell 755,286 shares at $1.24, $1.12 apiece on April 10, July 1

By Devika Patel

Knoxville, Tenn., July 9 – OptimumBank Holdings, Inc. settled a $50,840 private placement of stock on April 10 and raised another $800,000 on July 1, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 41,000 common shares at $1.24 apiece in the April 10 placement. It sold 714,286 shares at $1.12 per share in the second sale. The prices per share are 4.62% and 13.85% discounts, respectively, to the April 9 closing share price of $1.30.

Fort Lauderdale, Fla.-based OptimumBank Holdings is the bank holding company for OptimumBank.

Issuer:	OptimumBank Holdings, Inc.
Issue:	Common stock
Amount:	$850,840
Shares:	755,286
Prices:	$1.24 (for 41,000 shares), $1.12 (for 714,286 shares)
Warrants:	No
Settlement dates:	April 10 (for $50,840), July 1 (for $800,000)
Stock symbol:	Nasdaq: OPHC
Stock price:	$1.30 at close April 9
Market capitalization:	$10.64 million

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