other material
confidence high
sentiment neutral
materiality 0.30
Franklin BSP Real Estate Debt sells $11.1M in private offering of common stock
Franklin BSP Real Estate Debt, Inc.
- Sold 444,469 shares across classes G, G-D, G-S, E, and I for aggregate $11,110,881.
- Class G common stock: 287,467 shares at $25.02 each, raising $7.19M.
- Other classes: G-D (64,185 at $24.85), G-S (86,715 at $24.84), E (602 at $24.90), I (5,500 at $25.00).
- Shares sold under Section 4(a)(2) and Regulation D exemption from registration.
- Certain classes automatically convert to Class I common stock upon liquidation or listing.