secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001140361-22-045890
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EastGroup Properties establishes $750M ATM equity program, replaces prior $305M unsold facility
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- Sales agreement with multiple agents for up to $750M common stock in at-the-market offerings.
- Prior ATM program terminated with $305.5M unsold shares remaining.
- Commissions capped at 2.0% of gross sales price per agent.
- Proceeds for general corporate purposes, including working capital, debt repayment, and property acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000114036122045890/0001140361-22-045890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000114036122045890/ny20006293x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-045890

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