secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001193125-23-202905
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT enters ATM equity offering for up to 17.5M shares, terminates prior program
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- Equity distribution agreement allows sale of up to 17,500,000 common shares at-the-market.
- Company may also enter forward sale agreements with forward purchasers for borrowed shares.
- Sales agents receive commissions up to 2.0% of gross sales price; similar rate for forward sales.
- Prior ATM program from August 2020 terminated concurrently with this new agreement.
- Shares will be issued under S-3ASR filed Aug 2, 2023, and prospectus supplement dated Aug 3, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000119312523202905/0001193125-23-202905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000119312523202905/d490152d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-202905

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