---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017220"
form_type: "8-K"
ticker: "SGST"
cik: "0001852575"
company_name: "Strategic Storage Trust VI, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:38:46.074247+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Strategic Storage Trust VI issues $150M Series B Convertible Preferred to Extra Space Storage LP

## Summary
- Issued $150M of Series B Convertible Preferred Stock to Extra Space Storage LP at $1,000/share.
- Initial dividend rate 8.35% per annum, step-ups to max 11.0% after 5 years.
- Conversion price initially $11.00 per share, convertible into Class A Common Stock after 3 years or 180 days post-listing.
- Proceeds to be used for refinancing debt, redeeming Series A preferred units, acquisitions, and working capital.
- Investor granted registration rights; exemption from 9.8% ownership limit for the preferred and conversion shares.

## SEC filing metadata
- accession: 0000950170-23-017220
- form_type: 8-K
- ticker: SGST
- cik: 0001852575
- company_name: Strategic Storage Trust VI, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852575/000095017023017220/0000950170-23-017220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852575/000095017023017220/sstvi-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017220
- JSON: https://secwatch.observer/filing/0000950170-23-017220.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017220.txt

## Key facts
- Governance Changes
  Strategic Storage Trust VI, Inc.: Filed Articles Supplementary establishing Series B Preferred Stock terms and ownership limitations (effective 2023-05-01).
  - Change: charter amendment
  - Effective: 2023-05-01
  source text: On May 1, 2023, the Company filed the Articles Supplementary with the State Department of Assessments and Taxation of Maryland setting forth the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption of the Series B Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852575/000095017023017220/0000950170-23-017220-index.htm
- Material Agreements
  Strategic Storage Trust VI, Inc. entered into Purchase Agreement with Extra Space Storage LP valued at $150 million (effective 2023-05-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Extra Space Storage LP
  - Value: $150 million
  - Effective: 2023-05-01
  source text: On May 1, 2023, Strategic Storage Trust VI, Inc. (the “ Company ”) issued $150 million in shares (the “ Shares ”) of the Company’s new Series B Convertible Preferred Stock (the “ Series B Preferred Stock ”) pursuant to a preferred stock purchase agreement (the “ Purchase Agreement ”) with Extra Space Storage LP (the “ Investor ”), a subsidiary of Extra Space Storage Inc. (NYSE: EXR)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852575/000095017023017220/0000950170-23-017220-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.