OPI enters $100M ATM equity offering, boosts authorized shares to 250M

OFFICE PROPERTIES INCOME TRUST

Entered ATM sales agreement with Clear Street LLC to sell up to $100M of common shares; 3% commission to agent.
Increased authorized common shares from 200M to 250M via Articles of Amendment effective March 14, 2025.
Net proceeds from ATM sales intended for general business purposes.
Offering terminates upon sale of all shares or termination of agreement.
The ATM allows OPI to sell shares from time to time at market prices.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

OFFICE PROPERTIES INCOME TRUST: Increased authorized common shares from 200,000,000 to 250,000,000 (effective 2025-03-14).

Change: charter amendment
Effective: 2025-03-14

Exact text from the filing

we increased the number of our authorized common shares from 200,000,000 to 250,000,000, pursuant to the Articles of Amendment to our Amended and Restated Declaration of Trust, as amended, which we filed and which were effective that day.

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Source: SEC EDGAR

accession 0001104659-25-023995

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