other material
confidence high
sentiment neutral
materiality 0.60
STAG Industrial announces full exercise of underwriters' option for 1.2M shares, enters additional forward sale
STAG Industrial, Inc.
- Underwriters exercised option in full for additional 1.2M shares of common stock on December 1, 2021.
- Company entered additional forward sale agreement with affiliate of BofA Securities on December 2, 2021.
- Closing of the option shares occurred on December 3, 2021.
- Company will not initially receive proceeds from the option shares due to forward sale structure.
- Option shares were sold under existing Form S-3 shelf registration statement.