other
confidence high
sentiment neutral
materiality 0.30
Franklin BSP Real Estate Debt sells 303,627 shares for $7.6M in private placement
Franklin BSP Real Estate Debt, Inc.
- Aggregate of 303,626.92 shares sold across Class G, G-D, G-S at $24.89-$25.06 per share.
- Total proceeds of $7,606,980, inclusive of $18,330 upfront commissions for Class G-S.
- Sale conducted under continuous private offering exempt from registration under Sec 4(a)(2)/Reg D.
- Shares automatically convert to Class I common stock upon liquidation or listing, subject to ownership limits.