Chiron Real Estate Inc. (GMRE) Form S-3 — Jun 16, 2026
Chiron Real Estate Inc. filed a shelf registration statement to facilitate the resale of 1,000,000 shares of its 6.00% Series C Convertible Preferred Stock and 2,325,580 shares of Common Stock issuable upon conversion. The shares were previously sold to a group of institutional investors, including Maewyn XRN LP and Canyon Capital Advisors LLC, in a private placement that closed on May 29 and June 2, 2026, at a price of $100.00 per share for total gross proceeds of $100.0 million. The Series C Preferred Stock accrues cumulative dividends at a rate of 6.00% per annum, which steps up to 8.00% four years after issuance and increases by 2% annually thereafter up to a maximum of 12.00%.
Key figures
- Gross Proceeds
- $100,000,000
- Offering Price
- $100.00
- Shares Offered
- 1000000
- Initial conversion rate
- 2.32558
- Common stock close price
- $36.31
- Initial conversion price
- $43.00
Price after filing
Close on the filing date to close N calendar days later (from $35.94). Historical, not a forecast.
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