secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2026-08-12T20:16:02+00:00
Accession:  0001193125-26-346890
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000119312526346890/0001193125-26-346890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000119312526346890/acr-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-346890

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