other material
confidence high
sentiment neutral
materiality 0.50
MacKenzie Realty Capital prices $4.8M registered direct offering and private placement of warrants at $1.71/unit
MacKenzie Realty Capital, Inc.
- Gross proceeds ~$4.8M from sale of 2,826,299 shares (or pre-funded warrants) plus unregistered Series A/B warrants.
- Series A warrants exercisable at $1.71, expire 18 months; Series B expire 5 years; both exercisable from 6-month anniversary.
- Net proceeds to fund acquisitions, debt payments, operating expenses, preferred share repurchases, and general corporate purposes.
- Maxim Group LLC acted as sole placement agent with 7.0% cash fee plus up to $75,000 expense reimbursement.