secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cottonwood Communities, Inc. (—)
CIK:        0001692951
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001692951-25-000053
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.03, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cottonwood Communities launches $150M Series 2025 Preferred Stock offering at 6.5% dividend rate
--------------------------------------------------------------------------------

- Authorized 15M shares of Series 2025 Preferred Stock at $10/share; 6.5% annual dividend (rising to 7% by 2030).
- Mandatory redemption on Dec 31, 2028, with two one-year extension options at $10/share plus accrued dividends.
- Managing broker dealer agreement signed; selling commissions up to 6%, placement fees up to 3.25% of gross proceeds.
- During Jan 6-12, 2025, issued 153,691 Series A Convertible Preferred shares for aggregate proceeds of $1.48M.
- As of Jan 12, 2025, 6,084,953 Series A Convertible Preferred shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692951/000169295125000053/0001692951-25-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692951/000169295125000053/cci-20241205.htm
  HTML page:      https://secwatch.observer/filing/0001692951-25-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer