other_material
confidence high
sentiment neutral
materiality 0.30
Cottonwood Communities issues 28,544 Series 2025 Preferred shares for cash, $273,508 proceeds
Cottonwood Communities, Inc.
- From June 4–9, 2025, issued 28,544 cash shares of Series 2025 Preferred at $10/share, netting ~$273,508.
- Also issued 316,650 shares in exchange for Series 2019 and Series 2023 Preferred shares.
- Total outstanding Series 2025 Preferred as of June 9, 2025: 7,621,449 shares.
- Offering launched Dec 9, 2024; max $150M under Rule 506(b) to accredited investors.
- Commissions paid: $5,190 selling + $8,554 placement cash fees; $98,100 + $93,336 exchange fees.
item 3.02