---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-057858"
form_type: "8-K"
ticker: "PRXK"
cik: "0001692345"
company_name: "PROCACCIANTI HOTEL REIT, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:01:57.698197+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Procaccianti Hotel REIT prorates Q1 2024 share repurchases at 9.8% due to insufficient DRIP funds

## Summary
- Board found funding limitation reached for Q1 2024 share repurchase requests.
- Insufficient net proceeds from DRIP to fully fund all repurchase requests.
- Deceased stockholders' shares repurchased in full; no other priority requests.
- Remaining repurchase requests honored at proration of approximately 9.8%.
- Unfulfilled requests automatically carried to next repurchase period unless withdrawn.

## SEC filing metadata
- accession: 0001104659-24-057858
- form_type: 8-K
- ticker: PRXK
- cik: 0001692345
- company_name: PROCACCIANTI HOTEL REIT, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692345/000110465924057858/0001104659-24-057858-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692345/000110465924057858/tm2413701d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-057858
- JSON: https://secwatch.observer/filing/0001104659-24-057858.json
- Plain text: https://secwatch.observer/filing/0001104659-24-057858.txt

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