secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001193125-23-144948
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rexford Industrial launches forward equity offering of 13.5M shares at $55.60/share
--------------------------------------------------------------------------------

- Entered forward sale agreements for up to 15.525M shares; underwriters sold 13.5M shares on May 15, 2023.
- Public offering price set at $55.60 per share; company receives proceeds upon settlement by Oct 11, 2024.
- Net proceeds to be contributed to operating partnership for acquisitions, debt repayment, and development.
- Proceeds from initial sale of 13.5M shares go to forward sellers; company not receiving any proceeds at closing.
- Offered under shelf registration; underwriters include Wells Fargo, Goldman Sachs, J.P. Morgan, Scotia, Truist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000119312523144948/0001193125-23-144948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000119312523144948/d489596d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-144948

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer