secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001558370-25-004401
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837025004401/0001558370-25-004401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837025004401/cto-20250331x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-004401

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