# EDGAR Filing Document

**Accession Number:** 0000803016
**File Stem:** 0000803016-25-000020
**Filing Date:** 2025-6
**Character Count:** 13404
**Document Hash:** abe5442992033c5a4be003773cefb4dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000803016-25-000020.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0000803016-25-000020

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CALIFORNIA FIRST LEASING CORP
- **CENTRAL INDEX KEY:** 0000803016
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]

**ORGANIZATION NAME:**
- **EIN:** 330964185
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-39261
- **FILM NUMBER:** 251089234

**BUSINESS ADDRESS:**
- **STREET 1:** 5000 BIRCH STREET, SUITE 500
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949-255-0500

**MAIL ADDRESS:**
- **STREET 1:** 5000 BIRCH STREET, SUITE 500
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA FIRST LEASING Corp
- **DATE OF NAME CHANGE:** 20220203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA FIRST LEASING CORP
- **DATE OF NAME CHANGE:** 20220203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA FIRST NATIONAL BANCORP
- **DATE OF NAME CHANGE:** 20010608
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CALIFORNIA FIRST LEASING CORP
- **CENTRAL INDEX KEY:** 0000803016
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]

**ORGANIZATION NAME:**
- **EIN:** 330964185
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 5000 BIRCH STREET, SUITE 500
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949-255-0500

**MAIL ADDRESS:**
- **STREET 1:** 5000 BIRCH STREET, SUITE 500
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA FIRST LEASING Corp
- **DATE OF NAME CHANGE:** 20220203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA FIRST LEASING CORP
- **DATE OF NAME CHANGE:** 20220203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALIFORNIA FIRST NATIONAL BANCORP
- **DATE OF NAME CHANGE:** 20010608

---

| |
|:---|
| **UNITED STATES**  |
| **SECURITIES AND EXCHANGE COMMISSION**  |
| **WASHINGTON, D.C. 20549**  |

---

---

| |
|:---|
| **SCHEDULE TO**  |
| **TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)**  |
| **OF THE SECURITIES EXCHANGE ACT OF 1934**  |
| (Amendment No. 3) |

---

---

| |
|:---|
| **California First Leasing Corporation** |
| **(Name of Subject Company (Issuer))**  |
| **California First Leasing Corporation** |
| **(Name of Filing Person(s) (Issuer))**  |
| **Common Stock, par value $0.01 per share**  |
| **(Title of Class of Securities)**  |
| **130222102** |
| **(CUSIP Number of Class of Securities)**  |
| **Patrick E. Paddon** |
| **Chief Executive Officer** |
| **California First Leasing Corporation** |
| **5000 Birch Street, Suite 500** |
| **Newport Beach, CA 92660** |
| **(949) 255-0500** |
| **(Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Filing Person(s))**  |

---

---

| | | |
|:---|:---|:---|
|  | **With copies to:**  |  |
| &nbsp;&nbsp; **Joshua A. Dean, Esq.** |  | &nbsp;&nbsp; **S. Leslie Jewett** |
| &nbsp;&nbsp; **Jason R. Schendel, Esq.** |  | &nbsp;&nbsp; **Chief Financial Officer** |
| &nbsp;&nbsp; **Daniel Clausen, Esq.** |  | &nbsp;&nbsp; **California First Leasing Corporation** |
| &nbsp;&nbsp; **Sheppard, Mullin, Richter & Hampton LLP** |  | &nbsp;&nbsp; **5000 Birch Street, Suite 500** |
| &nbsp;&nbsp; **650 Town Center Drive, Tenth Floor** |  | &nbsp;&nbsp; **Newport Beach, CA 92660** |
| &nbsp;&nbsp; **Costa Mesa, CA 92626** |  |  |
| &nbsp;&nbsp; **May 20, 2025** | &nbsp;&nbsp; **May 20, 2025** | &nbsp;&nbsp; **May 20, 2025** |
| &nbsp;&nbsp; **(Date Tender Offer First Published, Sent or Given to Security Holders)**  | &nbsp;&nbsp; **(Date Tender Offer First Published, Sent or Given to Security Holders)**  | &nbsp;&nbsp; **(Date Tender Offer First Published, Sent or Given to Security Holders)**  |

---

☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

---

| | |
|:---|:---|
| &nbsp;&nbsp; Check the appropriate boxes below to designate any transactions to which the statement relates:  | &nbsp;&nbsp; Check the appropriate boxes below to designate any transactions to which the statement relates:  |
| &nbsp;&nbsp; ☐  | &nbsp;&nbsp; third-party tender offer subject to Rule 14d-1.  |
| &nbsp;&nbsp; ☒  | &nbsp;&nbsp; issuer tender offer subject to Rule 13e-4.  |
| &nbsp;&nbsp; ☐  | &nbsp;&nbsp; going-private transaction subject to Rule 13e-3.  |
| &nbsp;&nbsp; ☐  | &nbsp;&nbsp; amendment to Schedule 13D under Rule 13d-2.  |
| &nbsp;&nbsp; Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐  | &nbsp;&nbsp; Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐  |
| &nbsp;&nbsp; If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:  | &nbsp;&nbsp; If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:  |
| &nbsp;&nbsp; ☐  | &nbsp;&nbsp; Rule 13e–4(i) (Cross-Border Issuer Tender Offer) |
| &nbsp;&nbsp; ☐  | &nbsp;&nbsp; Rule 14d–1(d) (Cross-Border Third-Party Tender Offer) |

---

------

This Amendment No. 3 ("Amendment No. 3") amends and supplements the Tender Offer Statement on Schedule TO (as amended, the "Schedule TO") originally filed with the Securities and Exchange Commission by California First Leasing Corporation, a California corporation (the "Company"), on May 20, 2025 in connection with the offer by the Company to the holders of its Common Stock to purchase up to 330,000 shares of its Common Stock at a purchase price of $18.50 per share in cash, less any applicable withholding taxes, and without interest (the "Offer").

Only those items amended or supplemented are reported in this Amendment No. 3. Except as specifically provided herein, the information contained in the Schedule TO remains unchanged and this Amendment No. 3 does not modify any of the information previously reported in the Schedule TO. You should read this Amendment No. 3 together with the Schedule TO, the Offer to Purchase for Cash dated May 20, 2025 (as supplemented by Supplement No. 1 to Offer to Purchase for Cash dated June 5, 2025), the Letter of Transmittal, and the other exhibits attached to this Amendment No. 3 and the Schedule TO.

ITEM 11. ADDITIONAL INFORMATION

---

| |
|:---|
| Item 11 of the Schedule TO is hereby amended and supplemented by adding the following information to the end thereof: |
| On June 27, 2025, the Company issued a release announcing the final results of the Offer, which expired at 5:00 p.m., New York City time, on June 24, 2025. A copy of such release is filed herewith as Exhibit (a)(1)(F)(ii) and is incorporated herein by reference. |

---

ITEM 12. EXHIBITS

Reference is hereby made to the following exhibits which collectively constitute the Offer to Shareholders and are incorporated herein by reference:

---

| | |
|:---|:---|
| [(a)(1)(A)\*](http://www.sec.gov/Archives/edgar/data/803016/000117494725000805/sctoi_ex99a1acalifornia.htm)  | Offer to Purchase for Cash, dated May 20, 2025 |
| [(a)(1)(B)\*](http://www.sec.gov/Archives/edgar/data/803016/000117494725000805/sctoi_ex99a1acalifornia.htm)  | Letter of Transmittal |
| [(a)(1)(C)\*](http://www.sec.gov/Archives/edgar/data/803016/000117494725000805/sctoi_ex99a1ccalifornia.htm)  | Notice of Guaranteed Delivery |
| [(a)(1)(D)\*](http://www.sec.gov/Archives/edgar/data/803016/000117494725000805/sctoi_ex99a1dcalifornia.htm)  | Letter to Brokers, Dealers, Banks, Trust Companies and Other Nominees. |
| [(a)(1)(E)\*](http://www.sec.gov/Archives/edgar/data/803016/000117494725000805/sctoi_ex99a1ecalifornia.htm)  | Letter to Clients |
| [(a)(1)(F)\*](http://www.sec.gov/Archives/edgar/data/803016/000117494725000805/sctoi_ex99a1fcalifornia.htm)  | Press Release, dated May 20, 2025 |
| [(a)(1)(A)\*](http://www.sec.gov/Archives/edgar/data/803016/000080301625000015/cfnb2025_scto1a.htm)  | Supplement No. 1 to Offer to Purchase for Cash, dated June 5, 2025 |
| [(A)(1)(f)(i)\*](http://www.sec.gov/Archives/edgar/data/803016/000080301625000018/cfnb_ex1fi.htm)  | Release announcing the preliminary results of the tender offer dated June 25, 2025  |
| [(A)(1)(f)(ii)\*\*](cfnb_ex1fii.htm)  | Release announcing the final results of the tender offer dated June 27, 2025  |
| (b) |  |
| (d) |  |
| (g) |  |
| (h) |  |
| [107\*](http://www.sec.gov/Archives/edgar/data/803016/000117494725000805/sctoi_ex-feetblcalifornia.htm)  | Calculation of Filing Fee Table |

---

\* Denotes that the exhibit was previously filed.

\*\* Filed herewith

ITEM 13. Information Required by Schedule 13e-3

Not applicable.

**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information set out in this statement is true, complete, and correct.

---

| | |
|:---|:---|
| California First Leasing Corporation | California First Leasing Corporation |
| By: | /s/ S. Leslie Jewett<br>|
| Name: S. Leslie Jewett | Name: S. Leslie Jewett |
| Title: Chief Financial Officer | Title: Chief Financial Officer |
| Date: June 25, 2025 | Date: June 25, 2025 |

---

## Ex-99.(A)(1)(F)(Ii)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; ![](x25062714132500.jpg) | <br> **California First Leasing Corporation**<br> **‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗** | **CONTACT: S. Leslie Jewett**<br> **(949) 255-0500** <br> **ljewett@calfirstlease.com** |

---

**<u>CALIFORNIA FIRST LEASING CORPORATION ANNOUNCES FINAL RESULTS OF</u> <u>TENDER OFFER</u>**

NEWPORT BEACH, CALIFORNIA, June 27, 2025 -- California First Leasing Corporation (the "Company" or "CalFirst Lease", OTCQX: CFNB) today announced the final results of its tender offer to purchase shares of its common stock for cash at a price per share of $18.50, which expired at 5:00 p.m., New York City time on Tuesday, June 24, 2025.

Based on the final count by Computershare Trust Company, N.A, the depositary for the tender offer, the tender offer was oversubscribed and a total of 669,285 shares of CalFirst Leasing's common stock, $0.01 par value per share ("Common Stock"), were properly tendered and not properly withdrawn.

CalFirst Lease has accepted for purchase 330,000 shares of Common Stock on a pro rata basis, except for tenders of odd lots, which were accepted in full. At a price of $18.50 per share, the aggregate cost is approximately $6,105,000, excluding fees and expenses relating to the tender offer. The 330,000 shares that the Company accepted for purchase represent approximately 3.5% of the Company's Common Stock outstanding as of June 24, 2025. The Company has been informed by the depositary that the final proration factor for the tender offer is approximately 49.3 percent.

The depositary will promptly pay for the shares accepted for purchase in accordance with the terms and conditions of the tender offer, and return of all other shares tendered and not purchased.

The information in this release is for informational purposes only and does not constitute an offer to purchase nor a solicitation of an offer to sell shares of CalFirst Lease Common Stock. The tender offer was made only pursuant to the offer to purchase dated May 20, 2025 and the related documents that were filed with the Securities and Exchange Commission (the "SEC"). Stockholders who have questions or would like additional information about the tender offer may contact the information agent, Georgeson LLC, at (888) 826-6570. In addition, all of the materials and all other offer documents filed are available at no charge on the SEC's website at www.sec.gov.

California First Leasing Corporation registered as an internally managed non-diversified closed-end investment company under the Investment Company Act of 1940, as amended, in February 2022. The Company retains its lease business while using equity and other investments to maximize current income and generate capital appreciation.

This release contains forward-looking statements, such as references to the payment for shares of Common Stock pursuant to the tender offer. These statements, including their underlying assumptions, are subject to risk and uncertainties and are not guarantees of future performance. Results may differ due to various factors. For further details of these risks, you should read our filings with the SEC, including our Schedule TO and other documents which have been filed with the SEC.

The statements presented in this release speak only as of the date of the release. Except as otherwise required by applicable law, the Company does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof.

5000 Birch Street, Suite 500, Newport Beach, California 92660

Phone: 800-496-4640 949-255-0500 www.calfirstlease.com