---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-004401"
form_type: "8-K"
ticker: "CTO"
cik: "0000023795"
company_name: "CTO Realty Growth, Inc."
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T22:54:25.988324+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CTO Realty Growth exchanges $35.2M of 3.875% convertible notes for stock and cash

## Summary
- Exchanged $35.2M principal for 1,089,555 shares of common stock and $29.0M cash (incl. $0.6M accrued interest).
- After exchange, $15.8M notes remain; to be settled in cash at maturity on April 15, 2025, estimated ~$22M.
- Shares outstanding increased to 32,936,967 as of April 3, 2025.
- Notes originally had $51M aggregate principal; conversion ratio was 73.8112 shares per $1,000.

## SEC filing metadata
- accession: 0001558370-25-004401
- form_type: 8-K
- ticker: CTO
- cik: 0000023795
- company_name: CTO Realty Growth, Inc.
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23795/000155837025004401/0001558370-25-004401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23795/000155837025004401/cto-20250331x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-004401
- JSON: https://secwatch.observer/filing/0001558370-25-004401.json
- Plain text: https://secwatch.observer/filing/0001558370-25-004401.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.