secwatch.observer — SEC 8-K summary
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Issuer:     Peakstone Realty Trust (PKST)
CIK:        0001600626
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001140361-23-017619
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peakstone Realty Trust redeems 5M Series A preferred shares for $125M; waives $1.875M fee
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- Redeemed all 5,000,000 Series A preferred shares from SH Global for $125M plus $2.375M accrued distributions.
- Investor waived $1.875M redemption fee and terminated all rights under the 2018 purchase agreement.
- Adopted Second Amended and Restated Employee and Trustee Long-Term Incentive Plan effective April 5, 2023.
- New plan explicitly authorizes LTIP Units and updates entity names; material terms otherwise unchanged.
- Listing of common stock on NYSE announced March 24; redemption precedes expected listing around April 13.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600626/000114036123017619/0001140361-23-017619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600626/000114036123017619/brhc10051198_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-017619

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