other material
confidence high
sentiment neutral
materiality 0.65
NetSTREIT establishes new $300M at-the-market equity offering program, terminates prior ATM
NETSTREIT Corp.
- Company entered ATM sales agreement for up to $300M aggregate offering price of common stock.
- Terminated prior ATM program under which $108M had been sold; 1.7M shares remain unsettled under forward agreement.
- Proceeds intended for general corporate purposes including property acquisitions and development.
- Sales agents receive commission up to 1.5% of gross proceeds; forward sale agreements may be used.