secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001558370-24-016327
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.02, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Medalist Diversified REIT Enters Property Acquisitions, Faces Preferred Stock Delisting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837024016327/0001558370-24-016327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837024016327/mdrr-20241211x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-016327

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer