other material
confidence high
sentiment neutral
materiality 0.60
Star Holdings subsidiary enters ATM agreement to sell up to 1M Safehold shares
Star Holdings
- Star Investment Holdings SPV LLC, a Star Holdings subsidiary, signed an ATM Sales Agreement to sell up to 1,000,000 Safe Shares of Safehold Inc.
- Sales require Safehold's consent and may be executed in negotiated or at-the-market transactions.
- Agents' compensation capped at 2.0% of gross sales price; sales may also be made directly to agents as principal.
- The agreement enables Star Holdings to monetize part of its Safehold stake over time; no sales have occurred yet.