Medalist Diversified REIT Enters Property Acquisitions, Faces Preferred Stock Delisting

Medalist Diversified, Inc.

Acquired two properties: Dan Tibbs Road in Huntsville, AL for $3.145M and Scottsville Road in Bowling Green, KY for $2.62M, paid with Series B Preferred Units and Common Units.
Received Nasdaq notice that its 8.0% Series A Cumulative Redeemable Preferred Stock (MDRRP) fails minimum publicly held shares; plans to redeem all shares on Jan 10, 2025, leading to delisting.
Closed private placement of 230,000 common shares at $12.50/share to investors including CFO, exempt under Rule 506(b).
Board granted waivers of ownership limits to allow certain investors to own up to 7.50% of outstanding capital stock.

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