8-K: OptimumBank Holdings Expands At-The-Market Equity Program with New Agent

OptimumBank Holdings, Inc. has amended its At Market Issuance Sales Agreement to include A.G.P./Alliance Global Partners as an additional agent, enhancing its flexibility for future equity offerings.

Summary

• OptimumBank Holdings, Inc. (the Company) entered into Amendment No. 1 to its At Market Issuance Sales Agreement on July 1, 2025.
• The Amendment adds A.G.P./Alliance Global Partners to the group of agents, alongside Compass Point Research & Trading, LLC, for the Company's at-the-market (ATM) equity offering program.
• The original At Market Issuance Sales Agreement was dated August 9, 2024.
• A Prospectus Supplement No. 1 was filed with the SEC on July 1, 2025, disclosing the addition of A.G.P./Alliance Global Partners.
• The offering of shares under the amended agreement is pursuant to the Company's registration statement on Form S-3 (File No. 333-281430), filed August 9, 2024, and the prospectus dated August 20, 2024.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the company is enhancing its flexibility for future capital raises by adding a new agent to its ATM program, which is an operational improvement.

Positives

• The addition of A.G.P./Alliance Global Partners as an agent expands the Company's distribution network for its at-the-market equity program, potentially increasing the efficiency and reach of future capital raises.
• Enhances flexibility for the Company to access capital markets as needed.

Future Outlook

The amendment facilitates the Company's ongoing at-the-market equity offering program, providing a mechanism for future capital raises as needed.

Management Comments

• Moishe Gubin, Chairman of the Board of Directors, signed the Form 8-K on behalf of OptimumBank Holdings, Inc.

Industry Context

At-the-market (ATM) equity offerings are a common and flexible method for publicly traded companies, including those in the financial services sector, to raise capital over time. Expanding the number of agents for such a program is a standard practice to enhance market reach and execution capabilities.

Stakeholder Impact

• Shareholders: The amendment facilitates potential future equity offerings, which could lead to dilution of existing shareholdings if the ATM program is utilized.

Next Steps

• The Company may continue to offer shares pursuant to the amended At Market Issuance Sales Agreement through its agents, Compass Point Research & Trading, LLC and A.G.P./Alliance Global Partners.

Key Dates

Keywords

OptimumBank Holdings, OPHC, At Market Issuance, ATM offering, equity offering, capital raise, SEC filing, Form 8-K, Compass Point Research & Trading, A.G.P./Alliance Global Partners, financial services, banking