M&A
confidence high
sentiment neutral
materiality 0.55
Belpointe PREP enters put/call agreement for 100 Tokeneke property, 243K units at $14.50
Belpointe PREP, LLC
- Belpointe PREP, subsidiary Tokeneke Partners, and Daniel Suozzi signed Letter Agreement on Jan 6, 2026 for Suozzi's indirect interest in 100 Tokeneke Road, Darien, CT.
- Suozzi received 243,000 Class B units in Tokeneke Partners in exchange for his real property interest.
- Put right: Suozzi can sell his 243,000 Tokeneke units to Belpointe at $14.50 each, paid in Class A units, from Jan 6, 2026 to May 31, 2027.
- Call right: Belpointe can buy Suozzi's Tokeneke units at $14.50 each in Class A units from June 1, 2027 to Dec 31, 2027.
- Belpointe will file a resale registration statement for Class A units issuable to Suozzi and use commercially reasonable efforts to maintain it.