other material
confidence high
sentiment neutral
materiality 0.60
Alpine Income Property Trust files new ATM prospectus for $109.5M unsold shares
Alpine Income Property Trust, Inc.
- Filed new ATM prospectus for $109.5M aggregate gross offering price of common stock remaining unsold.
- Entered new equity distribution agreements with Baird and Stifel; terminated prior agreements with both.
- Amended existing ATM equity distribution agreements with Janney Montgomery Scott and eight other agents.
- Forward sale agreements allow borrowing shares; company will receive proceeds upon physical settlement.
- Commissions up to 2.0% of gross sales price for sales agents and forward sellers.