ACRES Commercial Realty Corp. (ACR) Form 8-K — Aug 12, 2026
ACRES Commercial Realty Corp. (NYSE: ACR) entered into a Securities Purchase Agreement dated August 10, 2026 with institutional investors for a registered direct offering of 2,220,000 shares of its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock at $23.75 per share, disclosed under Item 1.01 of an 8-K. The offering closed and settled on August 12, 2026, generating approximately $52.75 million in gross proceeds before placement agent fees and expenses. Seaport Global Securities LLC acted as placement agent, and the shares were sold off the company's Form S-3 shelf registration (File No.
Key figures
- Gross Proceeds
- 52750000
- Offering Price
- 23.75
- Shares Offered
- 2220000
- Closing date
- 2026-08-12
- Preferred coupon
- 8.625% fixed-to-floating
- Shelf registration file no
- 333-278433
- Series c shares prior outstanding
- 4800000
- Purchaser beneficial ownership max
- 4.34% of Series C outstanding
- Aggregate offering amount per purchase agreement
- $52,725,000
Price after filing
Close on the filing date to close N calendar days later (from $14.11). Historical, not a forecast.
AI analysis
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