Company: CFBK
Filing Date: 2025-01-21
Form Type: S-3/A
Source: 0001193125-25-009427
Chunk: 2

Company: CF BANKSHARES INC.
Filing Date: 2025-01-21
Form: S-3/A
Chunk 2
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 filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

SUBJECT TO COMPLETION, DATED JANUARY 21, 2025

PROSPECTUS

Up to 1,260,700 Shares of Non-VotingCommon Stock

Up to 1,260,700 Shares of Common Stock Issuable Upon Conversion of Non-VotingCommon Stock

This prospectus relates to the resale from time to time by the securityholders named in this prospectus (the “Selling
Securityholders”) of up to 1,260,700 shares of our non-voting common stock, par value $0.01 per share (“Non-Voting Common Stock”), and up to 1,260,700
shares of our (voting) common stock, par value $0.01 per share (“Voting Common Stock”), issuable upon conversion of shares of Non-Voting Common Stock (collectively, the “Securities”).

We issued and sold 12,337 shares of our Series C Preferred Stock in the Private Placement (as defined in the section entitled “Selling
Securityholders” beginning on page 4 of this prospectus) on October 25, 2019, and 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. All 12,607 shares of our Series C Preferred Stock were automatically converted into 1,260,700 shares of Non-Voting Common Stock on May 28, 2020. We are registering the
resale of the Securities pursuant to agreements we entered into with the Selling Securityholders in the Private Placement. The Selling Securityholders may offer and sell the Securities in public or private transactions, or both. These sales may
occur at fixed prices, at prices related to prevailing market prices, at negotiated prices or at market prices prevailing at the time of sale. For more information, please see the section entitled “Plan of Distribution” beginning on page
13 of this prospectus.

The Selling Securityholders may sell all or a portion of the Securities through underwriters, broker-dealers, or
agents, who may receive compensation in the form of underwriting discounts, concessions, or commissions from the Selling Securityholders, the purchasers of the Securities,