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OptimumBank Holdings, Inc. (NYSE American:OPHC) amended its at-the-market issuance sales agreement Monday to include A.G.P./Alliance Global Partners (NYSE:GLP) as an additional agent. The amendment was made to the existing agreement with Compass Point Research & Trading, LLC, originally dated August 9, 2024.
According to the company’s statement in a press release, the updated agreement allows A.G.P./Alliance Global Partners to participate as an agent in the at-the-market equity offering. Contemporaneously, OptimumBank Holdings filed a prospectus supplement with the Securities and Exchange Commission (SEC) to disclose this addition. The offering is being conducted under the company’s registration statement on Form S-3, which was filed with the SEC on August 9, 2024, and is supplemented by the prospectus dated August 20, 2024, and the new supplement filed Monday.
The company’s common stock is listed on the NYSE American under the ticker symbol OPHC. No other terms of the sales agreement were disclosed in the filing, and the full text of the amendment was included as an exhibit to the SEC report.
This information is based on a press release statement and an SEC filing by OptimumBank Holdings.
In other recent news, OptimumBank Holdings disclosed the outcomes of its shareholder meeting as detailed in an SEC filing. During the meeting, shareholders voted on several key proposals, including the election of directors and amendments to the equity incentive plan. All six director nominees were elected, with a strong show of support, as shares voted for each nominee ranged from 6,176,166 to 6,452,289. Additionally, shareholders approved an amendment to increase the maximum number of shares under the company’s 2018 Equity Incentive Plan from 1,050,000 to 1,550,000 shares. This proposal saw 5,143,390 shares in favor, 1,385,287 against, and 19,607 abstentions. The selection of Hacker, Johnson & Smith, P.A. as the independent auditor for fiscal year 2025 was also ratified, with an overwhelming majority of 8,637,834 shares voting in favor. These developments indicate strong shareholder confidence in the company’s management and strategic direction.
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