Gyrodyne launches rights offering to raise up to $5M at $8.00 per share

Gyrodyne, LLC

Rights offering to raise up to $5M via 625K shares at $8.00/share.
Existing holders get one non-transferable right per five shares held; each right buys two shares.
Subscription period ends March 7, 2024; may extend to April 6, 2024.
Proceeds for property entitlements, litigation, capital improvements, working capital.
Registration statement declared effective Feb 2, 2024.

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