secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0001104659-24-045833
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTO Realty Growth enters underwriting agreement for $20/shr Series A preferred offering of 1.72M shares
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- Underwriting agreement with Raymond James for 1,500,000 shares (plus 218,417 over-allotment exercised) of 6.375% Series A Cumulative Redeemable Preferred Stock at $20.00/share.
- Total offering of 1,718,417 shares expected to close April 11, 2024; proceeds not specified.
- Liquidation preference $25.00 per share, offering price $20.00 per share; shares rank equally with existing 2,978,808 outstanding Series A shares.
- Underwriters granted 30-day option for up to 225,000 additional shares; exercised 218,417.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000110465924045833/0001104659-24-045833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000110465924045833/tm2411443d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-045833

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