Company: CFBK
Filing Date: 2025-01-07
Form Type: S-3
Source: 0001193125-25-002885
Chunk: 8

Company: CF BANKSHARES INC.
Filing Date: 2025-01-07
Form: S-3
Chunk 8
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 offered and sold only to accredited investors (as defined in Rule 501(a) of Regulation D under the Securities
Act) in a transaction not involving any public offering.

At the Company’s annual meeting of stockholders on May 27, 2020, the
Company’s shareholders adopted an amendment to the Company’s Certificate of Incorporation, as amended (the “Certificate of Incorporation”), to authorize a separate class of Non-Voting
Common Stock. On May 28, 2020, the Company filed with the Delaware Secretary of State a Certificate of Amendment to the Company’s Certificate of Incorporation to authorize 1,260,700 shares of
Non-Voting Common Stock. Effective as of the close of business on May 28, 2020, all 1,260,700 authorized shares of Non-Voting Common Stock were issued upon
conversion of the 12,607 outstanding shares of the Company’s Series C Preferred Stock. Pursuant to the terms of the Series C Preferred Stock, each outstanding share of Series C Preferred Stock converted automatically into 100 shares of Non-Voting Common Stock at such time.

We are registering the Securities offered by this prospectus on
behalf of the Selling Securityholders pursuant to the registration rights granted to the Selling Securityholders pursuant to the Registration Rights Agreement entered into by the Company and the Selling Securityholders in connection with the Private
Placement. Additional information regarding the Registration Rights Agreement is provided in the section entitled “Other Material Relationships with the Selling Stockholders.”

The Selling Securityholders may from time to time offer and sell pursuant to this prospectus any or all of the shares of Non-Voting Common Stock listed below that have been issued to them, and any or all of the shares of Voting Common Stock issuable upon conversion of shares of
Non-Voting Common Stock.

The table below sets forth the name of the Selling Securityholders
and the number of shares of our Non-Voting Common and Voting Common Stock beneficially owned by each such Selling Securityholder as of January 2, 2025. The information set forth below is based on
information provided by or on behalf of the Selling Securityholders prior to the date hereof. Information concerning the Selling Securityholders may change from time to time. The Selling Securityholders may from time to time offer and sell any or
all of the Securities under this prospectus. Because the Selling Securityholders are not obligated to sell the offered securities, we cannot state with certainty the amount of our Securities that the Selling Securityholders will hold upon