other material
confidence high
sentiment neutral
materiality 0.60
Forestar Group enters $300M at-the-market equity distribution agreement
Forestar Group Inc.
- Agreement with 10 sales agents, including J.P. Morgan, Citigroup, Mizuho, and Wells Fargo, for up to $300M in common stock.
- Shares will be sold through ordinary brokers' transactions at market prices or in block trades; no obligation to sell any shares.
- Sales agents entitled to compensation of up to 2% of gross sales price for shares sold in agency transactions.
- Offered under shelf registration statement effective Oct 2, 2024; prospectus supplement dated Nov 19, 2024.