other material
confidence high
sentiment neutral
materiality 0.65
Postal Realty Trust enters into $300M at-the-market equity offering program with multiple agents
Postal Realty Trust, Inc.
- Aggregate offering price up to $300M of Class A common stock through sales agents and forward sellers.
- Sales agents include J.P. Morgan, Colliers, Jefferies, M&T, Mizuho, Scotiabank, Stifel, and Truist.
- Commission rate up to 2.0% of gross sales price, may exceed in certain transactions.
- Prior ATM program terminated concurrently with execution of new Sales Agreements.
- Proceeds to be used for acquisitions, dividends, capex, working capital, and debt repayment.