secwatch.observer — SEC 8-K summary
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Issuer:     ACADIA REALTY TRUST (AKR)
CIK:        0000899629
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0001104659-24-105473
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acadia Realty Trust launches 5M share forward sale offering, expects ~$114M net proceeds
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- Initial forward price $22.89/share; net proceeds ~$114M (or ~$131.2M if option exercised).
- Proceeds to fund general corporate purposes including investments, working capital, debt repayment.
- Forward sale agreements must be physically settled by Sept 30, 2025; company expects full cash settlement.
- Underwriters: Wells Fargo, Goldman Sachs & Co., Jefferies; closing occurred Oct 2, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899629/000110465924105473/0001104659-24-105473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899629/000110465924105473/tm2425416d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-105473

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