secwatch.observer — SEC 8-K summary
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Issuer:     GETTY REALTY CORP /MD/ (GTY)
CIK:        0001052752
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001193125-24-197878
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Getty Realty underwriters exercise full over-allotment; 525k additional shares sold
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- Underwriters exercised 30-day option to purchase 525,000 shares of common stock at $30.10/share on August 6, 2024.
- Company entered additional forward sale agreements with Bank of America, JPMorgan, and KeyBanc at an initial forward price of $28.896/share.
- Company expects to physically settle additional forward agreements within ~1 year and receive net proceeds for acquisitions, debt repayment, or working capital.
- No proceeds from the initial 3.5M shares sold; proceeds from forward settlement will be used for property acquisitions and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1052752/000119312524197878/0001193125-24-197878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1052752/000119312524197878/d829342d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-197878

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