CaliberCos designates 800K shares of 9.5% Series AA Cumulative Redeemable Preferred Stock

CaliberCos Inc.

800,000 shares designated; $25 stated value per share; 9.5% cumulative monthly dividend payable in arrears.
Ranks senior to Class A and Class B common; pari passu with existing Series A Preferred.
Holders may request quarterly redemption (4% cap per quarter); board may suspend; redemption fees 10%-6% declining over 3 years.
Company has optional redemption right; mandatory redemption on 3rd anniversary of issuance.
No voting rights except on adverse amendments; conversion to Class A common at 3rd anniversary with company consent.

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

CaliberCos Inc.: Filed Certificate of Designation establishing Series AA Cumulative Redeemable Preferred Stock (effective 2025-03-05).

Change: charter amendment
Effective: 2025-03-05

Exact text from the filing

On March 5, 2025, CaliberCos Inc. (the “Company”) filed a Certificate of Designations, Preferences and Rights (the “Certificate of Designation”) with the Secretary of State of the State of Delaware to establish the preferences, voting powers, limitations as to dividends or other distributions, qualifications, terms and conditions of redemption and other terms and conditions of the Company’s Series AA Cumulative Redeemable Preferred Stock, par value $0.001 (the “Series AA Preferred Stock”).

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CaliberCos Inc. filing history →

Source: SEC EDGAR

accession 0001627282-25-000007

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