Corporate ActionAug 10, 2026, 05:03 PM
Broadstone Net Lease Sells 12.65M Shares at $20.50/Share
AI Summary
Broadstone Net Lease, Inc. completed a public offering of 12,650,000 shares of its common stock at a price of $20.50 per share. The offering, which included the full exercise of an option for additional shares by underwriters, closed on August 10, 2026. The company entered into forward sale agreements with an initial forward sale price of $19.7825 per share, with settlement expected by September 30, 2027.
Key Highlights
- Broadstone Net Lease sold 11,000,000 shares of common stock.
- Underwriters exercised an option to purchase an additional 1,650,000 shares, totaling 12,650,000 shares.
- The public offering price was $20.50 per share.
- The offering closed on August 10, 2026.
- The Company entered into forward sale agreements for the 12,650,000 shares.
- Initial forward sale price is $19.7825 per share.
- Forward Sale Agreements are expected to settle by September 30, 2027.
Price Impact
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