Acadia Realty Trust Announces Offering of 9,000,000 Common Shares
Acadia Realty Trust announced an underwritten public offering of 9 million common shares via forward sale agreements with Bank of America, Jefferies, Truist, and Wells Fargo. The company will not receive immediate proceeds; instead, it will deliver shares to the forward purchasers by June 9, 2027, in exchange for cash proceeds equal to the forward sale price. Underwriters have a 30-day option to purchase an additional 1.35 million shares.
Key figures
- Shares Offered
- 9000000
- Option shares
- 1350000
- Settlement deadline
- June 9, 2027
- Total potential shares
- 10350000
AI analysis
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