secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2021-10-07T23:59:59+00:00
Accession:  0001564590-21-050338
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRES Commercial Realty enters into equity distribution agreement for up to 2.2M Series D Preferred shares
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- Agreement with JonesTrading Institutional Services to sell up to 2.2M shares of 7.875% Series D Cumulative Redeemable Preferred Stock.
- Sales may be made as at-the-market offerings directly on NYSE or other trading markets for the shares.
- Company will pay JonesTrading a commission up to 3.0% of gross proceeds from sales.
- Company has no obligation to sell and may suspend solicitations at any time.
- Effective October 4, 2021; accompanied by legal opinion exhibits on legality and tax matters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021050338/0001564590-21-050338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021050338/acr-8k_20211004.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-050338

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