Gyrodyne sets record date Jan 29 for $5M rights offering at $8.00/share

Gyrodyne, LLC

Record date for proposed rights offering is Jan 29, 2024 at 5:00 p.m. ET.
Rights offering seeks up to $5M gross proceeds; 625,000 shares at $8.00 each.
Shareholders receive one subscription right per five shares; each right buys two shares.
Net proceeds will fund property entitlements, litigation, improvements, and working capital.
Registration statement filed Dec 29, 2023; offering awaits SEC effectiveness.

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