Company: CFBK
Filing Date: 2025-01-07
Form Type: S-3
Source: 0001193125-25-002885
Chunk: 7

Company: CF BANKSHARES INC.
Filing Date: 2025-01-07
Form: S-3
Chunk 7
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ed deposits, principal and interest payments on
loans and securities, Federal Home Loan Bank advances, other borrowings and proceeds from the sale of loans.

At September 30, 2024,
our consolidated assets totaled $2.07 billion and our stockholders’ equity totaled $164.0 million.

Our principal executive
offices are located at 4960 E. Dublin Granville Road, Suite #400, Columbus, Ohio 43081. The telephone number of our corporate headquarters is (614) 334-7979 and our website address is .
Information on our website is not incorporated by reference in, or otherwise a part of, this prospectus or any applicable prospectus supplement.

Additional information about us is included in our filings with the SEC, which are incorporated by reference into this prospectus. See
“WHERE YOU CAN FIND MORE INFORMATION” and “INCORPORATION BY REFERENCE” in this prospectus.

USE OF PROCEEDS

We will not receive any of the proceeds from the sale of the Non-Voting Common Stock or the Voting
Common Stock issuable upon conversion of the Non-Voting Common Stock by any Selling Securityholder. All proceeds from the sale of these Securities will be solely for the accounts of the Selling
Securityholders.

4

SELLING SECURITYHOLDERS

On October 31, 2019, pursuant to the terms of a Securities Purchase Agreement dated October 25, 2019 (the “Securities Purchase
Agreement”), by and among the Company, the Selling Securityholders and certain other purchasers, we completed a private placement (the “Private Placement”) in which we issued an aggregate of 849,615 shares of the Company’s Voting
Common Stock at a purchase price of $12.00 per share and 12,337 shares of a new series of the Company’s Non-Voting Convertible Perpetual Preferred Stock, Series C, par value $0.01 per share (the
“Series C Preferred Stock”) at a purchase price of $1,200 per share for an aggregate offering price of approximately $25 million. We subsequently issued an additional 270 shares of our Series C Preferred Stock on March 30, 2020
in exchange for 27,000 shares of our Voting Common Stock issued in the Private Placement. The securities sold in the Private Placement were issued without registration under the Securities Act in reliance upon the exemption provided under
Section 4(a)(2) of the Securities Act and Regulation D promulgated thereunder as securities