other_material
confidence high
sentiment neutral
materiality 0.35
Cottonwood Communities reports $3.12M in recent preferred stock sales; outstanding updated
Cottonwood Communities, Inc.
- Issued 161,686 shares of Series A Convertible Preferred Stock for $1.6M net proceeds (June 30–July 7).
- Issued 151,900 shares of Series 2025 Preferred Stock for cash ($1.5M); exchanged 458,110 shares from prior series.
- Outstanding as of July 7: 9.25M Series A Convertible Preferred shares and 8.34M Series 2025 Preferred shares.
- Private placements under Rule 506(b); maximum $150M each for Series A Convertible and Series 2025 offerings.
- Aggregate selling commissions and placement fees: $140,278 (Series A) and $356,246 (Series 2025, incl. exchange).
item 3.02