secwatch.observer — SEC 8-K summary
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Issuer:     Green Brick Partners, Inc. (GRBK)
CIK:        0001373670
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001373670-21-000051
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Green Brick Partners closes $50M offering of 5.75% Series A Cumulative Perpetual Preferred Stock
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- Filed Certificate of Designation for 5.75% Series A Cumulative Perpetual Preferred Stock (50,000 shares authorized).
- Offered 2,000,000 depositary shares (each 1/1000th of a preferred share) at $25 per depositary share; underwriters have 30-day option for 300,000 additional.
- Liquidation preference $25,000 per preferred share ($25 per depositary share); cumulative dividends payable quarterly starting March 15, 2022.
- Company may redeem shares at $25,000 each after December 23, 2026; special redemption on change of control at same price plus accrued dividends.
- Underwriting agreement with BTIG, LLC as representative; Greenberg Traurig provided legal opinion on validity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373670/000137367021000051/0001373670-21-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373670/000137367021000051/grbk-20211216.htm
  HTML page:      https://secwatch.observer/filing/0001373670-21-000051

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