Company: CFBK
Filing Date: 2025-01-07
Form Type: S-3
Source: 0001193125-25-002885
Chunk: 12

Company: CF BANKSHARES INC.
Filing Date: 2025-01-07
Form: S-3
Chunk 12
---
 not purport to be complete descriptions of the terms and conditions
of each security and are qualified in their entirety by reference to our Certificate of Incorporation, our Second Amended and Restated Bylaws (our “Bylaws”), Delaware General Corporation Law and any other documents referenced in such
summary descriptions and from which such summary descriptions are derived

Authorized Capital Stock

Under our Certificate of Incorporation, we are authorized to issue (a) up to 9,090,909 shares of common stock, par value $0.01 per share
(“Common Stock”), of which 1,260,700 shares are designated as non-voting Common Stock (“Non-Voting Common Stock”), and the remainder of the
authorized shares are (voting) Common Stock (“Voting Common Stock”); and (b) up to 1,000,000 shares of preferred stock, par value $0.01 per share (“Preferred Stock”). The Company has designated 5,000 of the authorized shares
of Preferred Stock as non-voting convertible perpetual preferred stock, series D, par value $0.01 per share (“Series D Preferred Stock”)

As of November 8, 2024, 5,125,885 shares of our Voting Common Stock were issued and outstanding, 1,260,700 shares of our Non-Voting Common Stock were issued and outstanding, and 2,160 shares of our Series D Preferred Stock were issued and outstanding.

Description of Common Stock

The
material terms, limitations and relative rights of our Voting Common Stock and Non-Voting Common Stock (collectively, our “Common Stock”) are identical in all respects except that (i) the
holders of our Non-Voting Common are not entitled to vote except with respect to certain matters and (ii) our shares of Non-Voting Common Stock may be converted
into shares of Voting Common Stock subject to certain limitations, as further described under “Non-Voting Common Stock” below.

Non-VotingCommon Stock

Holders of our Non-Voting Common Stock are not entitled to vote on any matter, except as may otherwise
from time to time be required by law. Notwithstanding the foregoing, the Company may not (including by means of merger, consolidation or otherwise), without obtaining the approval (by vote or written consent) of the holders of a majority of the
issued and outstanding shares of Non-Voting Common Stock, (i) alter or change the rights, preferences, privileges or restrictions provided for the benefit of the holders of the