other_material
confidence high
sentiment neutral
materiality 0.40
Cottonwood Communities sells $787,500 of Series 2025 Preferred; exchanges additional shares
Cottonwood Communities, Inc.
- Issued 79,340 shares for cash at $10.00 each, netting $787,500 during May 27–June 3, 2025.
- Paid $41,700 in selling commissions and $24,019 in placement fees on the cash issuance.
- Exchanged 202,970 shares of Series 2019/2023 Preferred for Series 2025 shares in the Exchange Offering.
- Total Series 2025 Preferred outstanding now stands at 7,276,255 shares as of June 3, 2025.
- Series 2025 Private Offering is a best-efforts placement up to $150M, exempt under Rule 506(b).
item 3.02