other material
confidence high
sentiment neutral
materiality 0.20
Cottonwood Communities reports $1.92M proceeds from private placement of preferred shares (Sept29-Oct7)
Cottonwood Communities, Inc.
- Issued 194,127 Series A Convertible Preferred shares at $10.00 in private placement.
- Gross proceeds of $1,918,200; paid $98,400 in commissions and $52,971 in placement fees.
- Total outstanding Series A Convertible Preferred shares as of Oct 7: 10,763,114.
- Offering launched Sept 2023; $150M maximum, sold to accredited investors under Rule 506(b).