other material
confidence high
sentiment neutral
materiality 0.60
Agree Realty launches up to $1.75B ATM equity program with forward sales
AGREE REALTY CORP
- New ATM equity distribution agreement allows issuance of up to $1.75B in common stock.
- Prior ATM program from October 2024 terminated simultaneously.
- Shares may be sold through sales agents or via forward sale agreements with forward purchasers.
- Sales agent commission capped at 2.0% of gross proceeds per share sold.
- Company may elect to physically, cash, or net share settle forward transactions.