other material
confidence high
sentiment neutral
materiality 0.70
NETSTREIT completes public offering of 11.04M shares at $18.00 via forward sale agreements
NETSTREIT Corp.
- Offering of 11,040,000 common shares at $18.00 per share, including 1,440,000 from full exercise of underwriters' 30-day option.
- Company entered into forward sale agreements with Wells Fargo and Bank of America; no immediate proceeds received.
- Expects to receive proceeds upon physical settlement by January 9, 2025, or may elect cash or net share settlement.
- Offering conducted under existing Form S-3 shelf registration statement effective September 1, 2021.