Corporate ActionMay 1, 2026, 05:07 PM
American Strategic Investment Issues 232,098 Shares for Advisor Comp
AI Summary
American Strategic Investment Co. issued 232,098 shares of its Class A common stock to New York City Advisors, LLC, its advisor, to satisfy $1,910,169.12 in accrued cash compensation. The shares were granted on April 30, 2026, under the 2020 Advisor Omnibus Incentive Compensation Plan. This issuance was made pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933.
Key Highlights
- American Strategic Investment issued 232,098 shares of Class A common stock.
- Shares were granted to New York City Advisors, LLC for advisory services.
- The issuance satisfied $1,910,169.12 in accrued cash compensation.
- The grant was approved by the Compensation Committee on April 30, 2026.
- Shares were issued under the 2020 Advisor Omnibus Incentive Compensation Plan.
- The issuance was exempt from registration under Section 4(a)(2) of the Securities Act.
Price Impact
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