---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-123148"
form_type: "8-K"
ticker: "PRXK"
cik: "0001692345"
company_name: "PROCACCIANTI HOTEL REIT, INC."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:47:32.878112+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Procaccianti Hotel REIT prorates Q3 2023 share repurchases at ~30.1% due to funding limitation

## Summary
- Board determined Funding Limitation reached for Q3 2023; insufficient net DRIP proceeds to fulfill all repurchase requests.
- No deceased stockholder or qualifying disability repurchase requests were received this quarter.
- Remaining repurchase requests will be prorated at approximately 30.1% of shares requested.
- Unfulfilled repurchase requests automatically carry over to subsequent periods unless withdrawn by stockholder.
- Proration affects shareholders seeking liquidity through the Share Repurchase Program.

## SEC filing metadata
- accession: 0001104659-23-123148
- form_type: 8-K
- ticker: PRXK
- cik: 0001692345
- company_name: PROCACCIANTI HOTEL REIT, INC.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692345/000110465923123148/0001104659-23-123148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692345/000110465923123148/tm2332103d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-123148
- JSON: https://secwatch.observer/filing/0001104659-23-123148.json
- Plain text: https://secwatch.observer/filing/0001104659-23-123148.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.