Great Ajax raises ~$11M via registered direct offering of 1.67M shares at $6.60 to Ellington Financial

Rithm Property Trust Inc.

Sold 1,666,666 shares of common stock at $6.60/share to Ellington Financial Inc. (EFC).
Aggregate proceeds expected ~$11M before expenses; used to acquire mortgage-related assets.
Offering conducted under existing shelf registration statement (Form S-3) and prospectus supplement dated Oct 20, 2023.
Purchase agreement contains customary representations, warranties, and closing conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rithm Property Trust Inc. entered into Purchase Agreement with Ellington Financial Inc. valued at approximately $11.0 million (effective 2023-10-20).

Action: entry
Agreement: equity purchase
Counterparty: Ellington Financial Inc.
Value: approximately $11.0 million
Effective: 2023-10-20

Exact text from the filing

On October 20, 2023, Great Ajax Corp. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Ellington Financial Inc. (“EFC”), pursuant to which the Company agreed to sell and issue to EFC, in a registered direct offering (the “Registered Offering”), an aggregate of 1,666,666 shares of common stock, $0.01 par value per share, of the Company, at a purchase price per share of $6.60 (the “Shares”).

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Rithm Property Trust Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-110504

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