other material
confidence high
sentiment neutral
materiality 0.55
Farmland Partners launches $75M ATM equity program with five agents, terminates prior program
Farmland Partners Inc.
- New at-the-market offering up to $75M of common stock via five sales agents (Baird, B. Riley, Janney, Jefferies, Raymond James).
- Prior ATM program terminated with ~$23.3M in shares remaining unsold.
- Commission to sales agents capped at 2.0% of gross proceeds per transaction.
- Net proceeds to fund farmland acquisitions and general corporate purposes, including secured farmer loans.
- Shares offered under existing shelf registration (File No. 333-254834); prospectus supplement filed October 29, 2021.