other material
confidence high
sentiment neutral
materiality 0.65
BRT files $40M ATM equity offering with B. Riley, JMP, Raymond James; cancels prior deals
BRT Apartments Corp.
- Entered new at-the-market agreements for up to $40M in common stock (aggregate sales price).
- Sales agents: B. Riley Securities, JMP Securities, Raymond James & Associates; commission up to 2.0%.
- Terminated prior ATM agreements with D.A. Davidson, B. Riley, and JMP effective March 18, 2022.
- No obligation to sell; offering may be suspended at any time; proceeds for general corporate purposes.