# EDGAR Filing Document

**Accession Number:** 0000803016
**File Stem:** 0000803016-25-000015
**Filing Date:** 2025-6
**Character Count:** 17206
**Document Hash:** a15de266c2b9c3a62854f401bf129409
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000803016-25-000015.hdr.sgml**: 20250605

**ACCESSION NUMBER**: 0000803016-25-000015

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

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250605

**DATE AS OF CHANGE**: 20250605

**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:** 251026489

**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**  |

---

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

---

---

| |
|:---|
| **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** |  |  |

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

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| | |
|:---|:---|
| &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) |

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-1-<br>

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This Amendment No. 1 ("Amendment No. 1") 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, without interest (the "Offer").

The Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated May 20, 2025 (the "Original Offer to Purchase"), as amended and supplemented by the Supplement No. 1 to the Offer to Purchase, dated June 5, 2025 (the "Supplement"), and the related Letter of Transmittal and Notice of Guaranteed Delivery.

All information set forth in the Original Offer to Purchase, which was previously filed with the Schedule TO, is hereby incorporated by reference herein except that such information is hereby amended and supplemented to the extent expressly provided herein. Such information amends and supplements the information previously incorporated by reference in this Schedule TO. This Amendment No. 1 should be read in conjunction with the Schedule TO, the Original Offer to Purchase, the Supplement, the Letter of Transmittal, the Notice of Guaranteed Delivery, and the other documents that constitute part of the Offer, as each may be further amended or supplemented from time to time.

The information in the Schedule TO, including all exhibits to the Schedule TO, which were previously filed with the Schedule TO, is incorporated herein by reference in response to Items 1 through 11 of the Schedule TO, except that such information is hereby amended and supplemented to the extent specifically provided in this Amendment No. 1. All capitalized terms used but not specifically defined in this Amendment No. 1 shall have the meanings given to such terms in the Original Offer to Purchase. The items of the Schedule TO set forth below are hereby amended and supplemented as follows:

ITEMS 1 – 11

Items 1 – 11 are hereby amended and updated by the Supplement, which is incorporated herein by reference.

ITEM 10 FINANCIAL STATEMENTS

Item 10(a)(1) is hereby deleted in its entirety and replaced with the following:

"(a) (1) Not applicable. The Company has determined, pursuant to Instruction 2 to Item 10 of Schedule TO, that its financial condition is not material to a security holder's decision whether to sell, tender or hold the securities sought as the consideration consists solely of cash, the offer is not subject to any financing condition and the Company files reports under Section 13 of the Exchange Act on EDGAR."

ITEM 12. EXHIBITS

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

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| | |
|:---|:---|
| [(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_ex99a1bcalifornia.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)](cfnb_exa1a.htm)  | Supplement No. 1 to Offer to Purchase for Cash, dated June 5, 2025  |
| (b) |  |
| (d) |  |
| (g) |  |
| (h) |  |
| [107](http://www.sec.gov/Archives/edgar/data/803016/000117494725000805/sctoi_ex-feetblcalifornia.htm)\* | Calculation of Filing Fee Table |

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\*Denotes that the exhibit was previously filed.

-1-<br>

------

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.

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| | |
|:---|:---|
| 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 5, 2025 | Date: June 5, 2025 |

---

-2-<br>

## Ex-99.A1A

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| | |
|:---|:---|
| &nbsp;&nbsp; ![](x25060411241600.jpg) | <br> **California First Leasing Corporation**<br> **‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗** |

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**Supplement No. 1 to the**

**Offer to Purchase for Cash**

**Up to 330,000 shares of its Common Stock**

**At a Purchase Price of $18.50 Per Share** 

**CUSIP: 130222102**

**Investment Company Act File Number 811-23782**

**The date of this Supplement No. 1 to the Offer to Purchase for Cash is June 5, 2025**

California First Leasing Corporation, a California corporation (the "Company"), hereby amends and supplements its Offer to Purchase for Cash, dated May 20, 2025 (the "Original Offer to Purchase", and together with this supplement, as the same may be further amended or supplemented form time to time, the "Offer to Purchase"), up to 330,000 shares of its common stock, par value $0.01 per share (the "shares"), at a price of $18.50 per share, less any applicable withholding taxes and without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase and the related Letter of Transmittal and the other materials filed as exhibits to the Issuer Tender Offer Statement on Schedule TO-I that the Company filed with the U.S. Securities and Exchange Commission on May 20, 2025 (such material, collectively, as they may be amended or supplemented from time to time, the "tender offer materials"). The Original Offer to Purchase is hereby amended and supplemented by this Supplement No. 1 (this "Supplement No. 1") (which together with the Original Offer to Purchase, Letter of Transmittal and other tender offer materials, as they may hereafter be amended or supplemented from time to time, constitute the "tender offer"), which contains a description of certain amendments that are being made hereby. Capitalized terms used in this Supplement No. 1 but not otherwise defined have the meanings ascribed to those terms in the Original Offer to Purchase.

The information, terms and conditions of the tender offer set forth in the Original Offer to Purchase remain applicable in all respects to the tender offer, except to the extent modified by this Supplement No. 1. Where information in the Original Offer to Purchase is in conflict with or is supplemented by or replaced by information in this Supplement No. 1, the information provided in this Supplement No. 1 shall govern.

**OFFER TO PURCHASE – COVER PAGES**

*The information that appears on page (iii) of the Original Offer to Purchase is hereby amended to delete the last four (4) paragraphs on page (iii) of the Original Offer to Purchase*:

*The **TABLE OF CONTENTS** on page* iv *of the Original Offer to Purchase* is revised to delete the second line "**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS" and replace it with the following:**

**"<u>INTENTIONALLY OMITTED</u>"**

**OFFER TO PURCHASE – CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

*The section of the Original Offer to Purchase entitled "Cautionary Note Regarding Forward-Looking Statements" that appears on page 7 and 8 of the Original Offer to Purchase is hereby deleted in its entirety and replaced with the following:*

**"<u>INTENTIONALLY OMITTED</u>"**

**OFFER TO PURCHASE – SECTION 6. CONDITIONS TO THE TENDER OFFER**

*Paragraph (1) and (2) that appear under "6. Conditions of the Tender Offer" on page 18 of the Original Offer to Purchase are hereby deleted in their entirety and replaced with the following:* 

(1) there
 shall have been instituted or pending any action or proceeding by any
 government or governmental, regulatory or administrative agency, authority or
 tribunal or any other person, domestic or foreign, before any court,
 authority, agency or tribunal that directly or indirectly (i) challenges
 the making of the tender offer or the acquisition of some or all of the
 shares pursuant to the tender offer or otherwise relates in any manner to the
 tender offer or (ii) in our reasonable judgment,
 could materially and adversely affect our business, condition (financial or
 otherwise), assets, income, operations or prospects, taken as a whole, or
 otherwise materially impairs in any way the contemplated future conduct of
 the business, or materially impairs our ability to purchase the shares in the
 tender offer;

------

(2) there
 shall have been any action pending or taken, or approval withheld, or any
 statute, rule, regulation, judgment, order or injunction threatened,
 proposed, sought, promulgated, enacted, entered, amended, enforced or deemed
 to be applicable to the tender offer or us or any of our subsidiaries, by any
 court or any authority, agency or tribunal that, in our reasonable judgment,
 would or is reasonably likely to directly or indirectly (i) make the
 acceptance for payment of, or payment for, some or all of the shares illegal
 or otherwise restricts or prohibits completion of the tender offer,
 (ii) delay or restrict our ability, or render us unable, to accept for
 payment or pay for some or all of the shares or (iii) materially and
 adversely affect our and our subsidiaries' business, condition (financial or
 otherwise), assets, income, operations or prospects, taken as a whole, or
 otherwise materially impairs in any way the contemplated future conduct of
 the business of us and our subsidiaries;

**OFFER TO PURCHASE – SECTION 9. CERTAIN INFORMATION CONCERNING US**

*The table that appears immediately below the fourth paragraph entitled "Incorporation by Reference" on page 21 of the Original Offer to Purchase is hereby deleted in its entirety and replaced with the following:*

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| | |
|:---|:---|
| **SEC Filings** | **Date Filed** |
| N-2 Registration Statement for closed-end investment companies dated May 13, 2022, including amendment to 1940 Act only filing dated July 20, 2022 | May 16, 2022 and July 21, 2022 |
| Interim Report to Shareholders for the quarterly period ended March 31, 2025 on Form N-30B-2 | April 29, 2025 |

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[The remainder of this page is intentionally left blank]

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The Original Offer to Purchase and this Supplement contain important information which should be read carefully before any decision is made with respect to the tender offer. Any questions or requests for assistance regarding the tender offer, the Original Offer to Purchase, or this Supplement may be directed to the Information Agent at the address and telephone number specified below. Shareholders also may contact their broker, commercial bank, trust company or other nominee for assistance concerning the tender offer, the Original Offer to Purchase, or this Supplement. Additional copies of the Original Offer to Purchase, this Supplement, the Letter of Transmittal and the other tender offer materials may be obtained from the Information Agent.

***The Information Agent for the Offer is:***

![](x25060411241600.gif)

**1290 Avenue of the Americas, 9<sup>th</sup> Floor**

**New York, NY 10104**

**Shareholders, Banks and Brokers**

**Call Toll Free: 888-826-6570**