other material
confidence high
sentiment neutral
materiality 0.60
NETSTREIT establishes new $400M ATM equity program; terminates prior $300M program
NETSTREIT Corp.
- New ATM sales agreement allows up to $400M in common stock sales through multiple agents and forward sellers, effective April 21, 2026.
- Prior ATM program terminated; under it, $256.1M aggregate offering price sold and 12.8M shares remain unsettled under forward agreements (maturities Sep 2026–Mar 2027).
- Proceeds from new ATM to be contributed to operating partnership for general corporate purposes including acquisitions, development, working capital, and debt repayment.
- Sales agents' commission capped at 1.5% of gross sales price; forward seller commissions likewise capped at 1.5%.
- Offering terminates upon sale of all shares or termination of agreement; shares sold via 'at-the-market' methods on NYSE or privately.