OptimumBank Holdings, Inc. announced a private placement of common shares at a price of $4.5 per share in June 2021. On the same date, the company has issued 262,417 shares in which 23,529 shares were issued at a price of $4.25 per share and remaining were issued at a price of $4.5 per share for the aggregate gross proceeds of $1,174,994.25 in its first tranche.