secwatch.observer — SEC 8-K summary
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Issuer:     AGREE REALTY CORP (ADC)
CIK:        0000917251
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001104659-24-024994
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agree Realty enters $1B ATM equity distribution agreement, terminates prior program
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- Up to $1B in aggregate offering price of common stock may be sold through 15 sales agents and forward purchasers.
- Company may also enter into forward sale agreements; proceeds received upon physical settlement.
- Commissions up to 2.0% of gross sales price for sales agents and forward sellers.
- Prior ATM program from September 2022 simultaneously terminated.
- Shares will be issued under existing shelf registration statement (File No. 333-271668).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917251/000110465924024994/0001104659-24-024994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917251/000110465924024994/tm245802d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-024994

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