secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001193125-23-100572
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Land enters new ATM equity program for up to $500M common stock and Series E preferred offering
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- Agreed to sell up to $500M of common stock through at-the-market offerings with Virtu Americas and Ladenburg Thalmann.
- Sales agents receive up to 3.0% compensation on gross proceeds of shares sold under each agreement.
- Filed prospectus supplement for up to 7,922,159 shares of 5.00% Series E Cumulative Redeemable Preferred Stock.
- Series E preferred offering is on a reasonable best efforts basis via affiliate Gladstone Securities as dealer manager.
- Previous equity distribution agreements from May 2020 replaced effective April 13, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000119312523100572/0001193125-23-100572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000119312523100572/d494938d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-100572

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