secwatch.observer — SEC 8-K summary
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Issuer:     SmartStop Self Storage REIT, Inc. (SMA)
CIK:        0001585389
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001193125-23-268058
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartStop REIT Advisors to fund SST VI offering costs and receive Series C Units
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- SRA agrees to fund 3% sales commission and 3% dealer manager fee for SST VI Class Y shares sold in offering.
- SRA also to fund estimated $6.0 million cash to cover dilution from one-time stock dividends to SST VI stockholders.
- In consideration, SST VI OP will issue Series C Convertible Units to SRA at $9.30 per share on a monthly basis.
- Series C Units automatically convert into Class A Units once SST VI discloses estimated NAV per share of at least $10.00.
- Sponsor Funding Agreement terminates when SST VI ceases offering Class Y and Class Z shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585389/000119312523268058/0001193125-23-268058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585389/000119312523268058/d551538d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-268058

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