ACRES Commercial Realty raises $52.75M via Series C preferred offering at $23.75/share

ACRES Commercial Realty Corp.

Issued 2,220,000 shares of 8.625% Fixed-to-Floating Series C Preferred at $23.75 each.
Gross proceeds ~$52.75M; offering closed August 12, 2026.
Sold under S-3 shelf (333-278433) with prospectus supplement dated Aug 10, 2026.
Placement agent: Seaport Global Securities LLC; fees not disclosed.
Preferred pays 8.625% fixed-to-floating dividend; use of proceeds not stated.

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