other material
confidence high
sentiment neutral
materiality 0.50
Chicago Atlantic raises ATM offering to $100M, cuts sales agent commission to 2%
Chicago Atlantic Real Estate Finance, Inc.
- New at-the-market sales agreements increase aggregate offering size from $75M to $100M.
- Sales agent commission reduced from 3.0% to 2.0% of gross sales price.
- Proceeds to fund loan pipeline, repay revolving credit facility, and for general corporate purposes.
- Sales agents include BTIG, A.G.P., ATB Capital Markets, and Oppenheimer & Co.