other material
confidence high
sentiment neutral
materiality 0.60
Sunrise Realty Trust prices upsized 5.75M share offering at $12.00 for $69M gross proceeds
Sunrise Realty Trust, Inc.
- Offering of 5,750,000 shares at $12.00/share; gross proceeds of ~$69M.
- Underwriters granted 30-day option to purchase up to 862,500 additional shares.
- Net proceeds to fund loans, repay debt, and for working capital and general corporate purposes.
- 1,000,000 shares sold to an affiliated investor at the public offering price.