other_material
confidence high
sentiment neutral
materiality 0.45
Cottonwood Communities sells $2.47M in preferred stock via private placements
Cottonwood Communities, Inc.
- Issued 188,513 Series A Convertible Preferred shares for $1.85M proceeds from Aug 29 to Sep 9, 2025.
- Issued 62,761 Series 2025 Preferred shares for $0.62M cash proceeds; exchanged 96,591 shares for older series.
- Aggregate selling commissions and placement fees totaled $254,788 across both offerings.
- Outstanding shares: 10,086,508 Series A and 9,123,546 Series 2025 as of Sep 9, 2025.
- Offerings exempt under Rule 506(b); max capacity remains $150M per series.
item 3.02