Sila Realty Trust intends to list on NYSE under ticker SILA; 1-for-4 reverse stock split planned

Sila Realty Trust, Inc.

Board intends to list common stock on NYSE in late Q2/early Q3 2024, subject to NYSE approval and market conditions.
1-for-4 reverse stock split of all classes of common stock effective May 1, 2024; no impact on percentage ownership.
Share Repurchase Program suspended immediately, will terminate upon listing; outstanding Q1 2024 requests will be honored.
Distribution Reinvestment Plan terminated effective May 1, 2024; future distributions paid in cash.
Wells Fargo Securities engaged as financial advisor for the listing process.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sila Realty Trust, Inc.: One-for-four reverse stock split of common stock, effective May 1, 2024 (effective 2024-05-01).

Change: charter amendment
Effective: 2024-05-01

Exact text from the filing

On April 8, 2024, Sila Realty Trust Inc. (the “Company”) filed Articles of Amendment previously approved by the Board of Directors of the Company (the “Board”) on April 5, 2024 to effect a one-for-four reverse stock split (the “Reverse Stock Split”) of each issued and outstanding share of each class of common stock, par value $0.01 per share (the “Common Stock”) of the Company, effective May 1, 2024 (the “Split Charter Amendment”)

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sila Realty Trust, Inc.: Decrease of par value of common stock from $0.04 to $0.01 per share after the reverse stock split (effective 2024-05-01).

Change: charter amendment
Effective: 2024-05-01

Exact text from the filing

and the Company filed Articles of Amendment to, immediately after the Reverse Stock Split, decrease the par value of each issued and outstanding share of Common Stock from $0.04 par value per share to $0.01 par value per share (the “Par Value Charter Amendment” and together with the Split Charter Amendment, the “Charter Amendments”).

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Sila Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001567925-24-000018

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