Company: FFWM
Filing Date: 2025-11-03
Form Type: SCHEDULE 13D
Source: 0001999371-25-016764
Chunk: 1

Company: First Foundation Inc.
Filing Date: 2025-11-03
Form: SCHEDULE 13D
Chunk 1
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 (as defined in the RRA) is not received on or before 120 days after the closing of the issuance of Common Stock, Series B Preferred Stock, Series C Preferred Stock and Series C Warrants, the shares of preferred stock. Under the RRA, the Accounts are entitled to customary shelf registration rights, customary demand registration rights and customary piggyback registration rights, in each case, subject to certain limitations as set forth in the RRA. The foregoing summary of the RRA is qualified in its entirety by the full text of the RRA, a copy of which is filed as Exhibit 10.1 in the Issuer's Form 8-K filed with the SEC on July 9, 2024, and is incorporated herein by reference. A copy of the RRA is filed as Exhibit 3 hereto.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 On September 30, 2024, the Issuer's stockholders approved and adopted an amendment to its certificate of incorporation, as amended, to increase the number of authorized shares of Common Stock from 100,000,000 shares to 200,000,000 shares, and also approved the issuance of shares of Common Stock in connection with the July 2024 capital raise pursuant to NYSE listing rules. As a result of these approvals, all of the issued and outstanding shares of the Series B Preferred Stock, including those held by the Accounts, automatically converted into shares of common stock as of the close of business on October 2, 2024, in accordance with the terms of the Certificate of Designation for the Series B Preferred Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 On October 27, 2025, the Issuer and the Accounts entered into a Partial Termination Agreement (the "PTA"), pursuant to which the Issuer and the Accounts agreed to terminate certain provisions of the Investment Agreement and fully terminate the RRA, contingent upon the closing of the Merger, effective as of immediately prior to the Effective Time (as defined in the Merger Agreement). Pursuant to the PTA, Buyer will use commercially reasonable efforts to grant certain registration rights, effective upon the closing of the Merger, to the Accounts under Amendment No. 2 ("Amendment No. 2") to the Buyer's Registration Rights Agreement, dated as of June 19, 2017, by and among the Buyer and the parties signatories thereto, as amended by Amendment No. 1, dated as of June 1, 2021.