other material
confidence high
sentiment neutral
materiality 0.60
STAG Industrial sells 8M shares of common stock in combined offering at $41.99/share
STAG Industrial, Inc.
- Company directly sold 5.25M shares at $41.99/share, raising approximately $220M.
- Forward seller (BofA) sold 2.75M shares; company expects proceeds upon settlement within ~1 year.
- Underwriters granted 30-day option to purchase up to 1.2M additional shares.
- Forward Sale Agreement initial price $41.99/share, subject to standard adjustments.