This is a routine registration exchange with no impact on OPHC common equity or operating performance. Monitor for the completion of the exchange offer, but no trading action is warranted based on this filing alone.
Price Chart
Executive Summary
OptimumBank Holdings filed an S-4 registration statement to exchange up to $35 million of unregistered 7.50% Fixed-to-Floating Rate Subordinated Notes due 2036 for registered notes with substantially identical terms. This is a routine exchange offer to fulfill registration rights obligations from the original private placement on August 19, 2026; it does not raise new capital, increase outstanding debt, or change the company's financial position. The filing is a procedural step with no material impact on the common stock or the company's operations.
Key Facts
- OptimumBank is offering to exchange up to $35,000,000 of unregistered 7.50% Fixed-to-Floating Rate Subordinated Notes due 2036 for registered notes with identical terms.
- The exchange offer is being made to fulfill registration rights granted to initial purchasers of the notes issued on August 19, 2026.
- The company will not receive any cash proceeds from the exchange, and the total outstanding indebtedness will not increase.
- As of June 30, 2026, the company had total assets of $1.40 billion, net loans of $1.20 billion, total deposits of $1.21 billion, and stockholders' equity of $134.38 million.
- Net income for the first half of 2026 was $11.32 million, compared to $7.47 million in the first half of 2025.
Financial Impact
No cash proceeds; $35 million in notes exchanged for identical registered notes; no change in total debt.
Risk Factors
- The exchange offer may be delayed or cancelled if conditions are not met.
- Holders who do not tender their Old Notes may face reduced liquidity.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 11 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-4 Filing (OPHC) — Batch item 1 | 0001493152-26-042209 |
| Exhibit: ex99-1.htm | 0001493152-26-042209 |
| Exhibit: ex25-1.htm | 0001493152-26-042209 |
| Exhibit: ex107.htm | 0001493152-26-042209 |
| Exhibit: ex5-1.htm | 0001493152-26-042209 |
| Exhibit: ex21-1.htm | 0001493152-26-042209 |
| Exhibit: ex23-1.htm | 0001493152-26-042209 |
| Document: 0001493152-26-042209-index-headers.html | 0001493152-26-042209 |
| Document: 0001493152-26-042209-index.html | 0001493152-26-042209 |
| Document: 0001493152-26-042209.txt | 0001493152-26-042209 |
| S-4 Filing (OPHC) — Batch item 11 | 0001493152-26-042209 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | EFFECT | $9.23 $8.92 | ▼ −3.36% | ▼ −2.17% | $8.71 (−5.63%) |
Sep 10, 2026 6w ago | S-4 | $9.07 $9.33 | ▲ +2.87% | ▲ +3.09% | $8.71 (−3.97%) |
Aug 13, 2026 10w ago | 8-K | $9.18 $9.22 | ▲ +0.44% | ▲ +2.40% | $8.71 (−5.12%) |
Jul 24, 2026 13w ago | 8-K | $6.30 $7.05 | ▲ +11.90% | ▲ +11.53% | $8.71 (+38.25%) |
May 5, 2026 24w ago | 8-K | $5.59 $5.51 | ▼ −1.43% | ▼ −3.42% | $8.71 (+55.81%) |
Apr 24, 2026 26w ago | 8-K | $5.52 $5.46 | ▲ +1.09% | ▲ +2.00% | $8.71 (−57.79%) |
Apr 24, 2026 26w ago | Press Release | $5.52 $5.46 | ▲ +1.09% | ▲ +2.00% | $8.71 (−57.79%) |
US Market Status
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