other material
confidence high
sentiment neutral
materiality 0.55
Medalist Diversified REIT files 8-K/A with financials for Buffalo Wild Wings and other acquisitions
Medalist Diversified, Inc.
- Acquired Buffalo Wild Wings Property in Bowling Green, KY on Jan 24, 2025 for $2.62M via 209,600 OP units plus $47k cash.
- Also acquired United Rentals Property in Huntsville, AL on Feb 21, 2025 for $3.145M via 251,600 OP units.
- Pro forma shows post-transaction total assets of $80.25M and equity of $26.94M as of Sep 30, 2024.
- All outstanding Series A Preferred Stock redeemed in Jan 2025 for $5M cash.
- Private placements raised $4.82M from sale of 230k common shares and 160k OP units in late 2024.