secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2021-07-01T23:59:59+00:00
Accession:  0001564590-21-035522
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRES Commercial Realty closes $53.3M follow-on offering of 7.875% Series D Preferred Stock
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- Offered 2,200,000 shares (including partial over-allotment) of 7.875% Series D Cumulative Redeemable Preferred Stock.
- Net proceeds of $53,267,500; to be used for loan originations and general corporate purposes.
- Underwriting agreement with Raymond James & Associates, Inc. dated June 28, 2021; offering closed June 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021035522/0001564590-21-035522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021035522/acr-8k_20210628.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-035522

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