Business
OptimumBank Holdings, Inc. Announces Capital Structure Enhancements Reflecting Strong Institutional and Insider Alignment
Fort Lauderdale, Florida--(Newsfile Corp. - January 5, 2026) - OptimumBank Holdings, Inc. (NYSE American: OPHC) (the "Company") is pleased to provide a year-end update on the successful completion of a comprehensive modernization of its capital structure. This strategic initiative, finalized through a series of coordinated actions by the Company’s largest institutional and insider stakeholders, establishes a transparent and high-performance equity foundation as the Company prepares for its next.
About this update from Optimumbank Holdings, Inc.
[{"type":"text","content":"Fort Lauderdale, Florida--(Newsfile Corp. - January 5, 2026) - OptimumBank Holdings, Inc. (NYSE American: OPHC) (the "Company") is pleased to provide a year-end update on the successful completion of a comprehensive modernization of its capital structure. This strategic initiative, finalized through a series of coordinated actions by the Company’s largest institutional and insider stakeholders, establishes a transparent and high-performance equity foundation as the Company prepares for its next phase of asset growth.","length":537,"tagName":"p"},{"type":"text","content":"AllianceBernstein Deepens Long-Term Alignment","length":45,"tagName":"p"},{"type":"text","content":"As part of its ongoing investment strategy, AllianceBernstein, a leading global asset manager, has continued to increase its economic exposure to the Company in a manner designed to support the Company’s long-term growth while maintaining appropriate ownership levels.","length":268,"tagName":"p"},{"type":"text","content":"Over the last two years, AllianceBernstein increased its investment through a combination of open-market purchases, direct investments in both common and preferred equity, and a conversion of a portion of its holdings into non-voting equity. Most recently, in October 2025, AllianceBernstein elected to rebalance a portion of its holdings by converting 350,000 shares of common stock into preferred stock. This structure allows AllianceBernstein to increase its economic exposure to the Company in a manner consistent with applicable ownership limits and regulatory requirements, while maintaining appropriate governance alignment.","length":631,"tagName":"p"},{"type":"text","content":"The non-voting shares are fully exchangeable into voting common stock, providing flexibility over time while allowing AllianceBernstein to support the Company’s growth without increasing voting control.","length":202,"tagName":"p"},{"type":"text","content":"“This approach reflects AllianceBernstein’s long-term confidence in the Company and OptimumBank’s management team,” said Moishe Gubin, Chairman of OptimumBank Holdings, Inc. “It allows a valued institutional partner to increase its economic alignment with the Company while maintaining appropriate governance balance.”","length":318,"tagName":"p"},{"type":"text","content":"Capital Structure Simplification a...