SmartStop Board rejects MacKenzie mini-tender at $20/share, 45% below market

SmartStop Self Storage REIT, Inc.

MacKenzie offers $20 post-split ($5 pre-split) for up to 300k shares; May 12 close was $36.53.
Board unanimously recommends ignoring offer, citing price over 45% below market and lack of disclosure.
Class A and T shares convert to listed class on Oct 1, 2025, enabling open-market sales.
Offer is ~1.2% of outstanding shares, a mini-tender; SEC warns of heightened risk.
MacKenzie has made two prior similar offers; company cannot verify tender funds.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.