Chiron Real Estate enters $100M preferred equity deal with Maewyn XRN LP

Chiron Real Estate Inc.

Company enters $100M preferred equity purchase agreement with Maewyn XRN LP; initial closing of at least $25M by June 20, 2026.
Series C Preferred Stock carries 6% cumulative dividend, stepping to 8% after 4 years then +2% annually up to 12%.
Initial conversion price set at $43.00 per share of common stock (2.32558 shares per preferred share).
Maewyn receives board nomination and consent rights over debt, REIT status changes, and affiliate deals while holding >=5% of diluted common.
Proceeds to be used for general business and working capital, including potential acquisitions.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Chiron Real Estate Inc. issued up to 1,000,000 shares of Series C Preferred Stock of preferred stock to Maewyn XRN LP and each other purchaser that may become a party to this Investment Agreement from time to time (collectively, the "Purchasers") for $100.00 per share, for aggregate gross proceeds of up to $100.0 million.

Security: preferred stock
Shares: up to 1,000,000 shares of Series C Preferred Stock
Purchaser: Maewyn XRN LP and each other purchaser that may become a party to this Investment Agreement from time to time (collectively, the "Purchasers")
Consideration: $100.00 per share, for aggregate gross proceeds of up to $100.0 million

Exact text from the filing

the Company agreed to issue and sell to the Purchasers a total of 1,000,000 shares of a new series of 6.00% Series C Convertible Perpetual Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”), at a purchase price of $100.00 per share, for aggregate gross proceeds of up to $100.0 million (the “Commitment Amount”) (the “Private Placement”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Chiron Real Estate Inc. entered into Investor Rights Agreement with Purchasers (including Maewyn XRN LP and others) (effective 2026-05-06).

Action: entry
Agreement: equity purchase
Counterparty: Purchasers (including Maewyn XRN LP and others)
Effective: 2026-05-06

Exact text from the filing

In connection with the Private Placement, on May 6, 2026, the Company and the Purchasers entered an Investor Rights Agreement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Chiron Real Estate Inc. entered into Investment Agreement with Maewyn XRN LP and other purchasers valued at up to $100.0 million (effective 2026-05-06).

Action: entry
Agreement: equity purchase
Counterparty: Maewyn XRN LP and other purchasers
Value: up to $100.0 million
Effective: 2026-05-06

Exact text from the filing

On May 6, 2026, Chiron Real Estate Inc. (the “Company”) entered into an Investment Agreement (the “Investment Agreement”) with Maewyn XRN LP (the “Maewyn Purchaser”) and each other purchaser that may become a party to this Investment Agreement from time to time (collectively, the “Purchasers”). Pursuant to the Investment Agreement, the Company agreed to issue and sell to the Purchasers a total of 1,000,000 shares of a new series of 6.00% Series C Convertible Perpetual Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”), at a purchase price of $100.00 per share, for aggregate gross proceeds of up to $100.0 million (the “Commitment Amount”) (the “Private Placement”).

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Source: SEC EDGAR

accession 0001104659-26-057976

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