Corporate ActionApr 29, 2026, 04:44 PM
CTO Establishes $250M ATM Equity Distribution Program
AI Summary
CTO Realty Growth, Inc. entered into an Equity Distribution Agreement to sell shares of its common stock with an aggregate offering price of up to $250,000,000. The sales will be conducted through an "at the market" offering, utilizing a Manager as an agent or a Forward Seller and Forward Purchaser for forward contracts. This agreement, along with other existing distribution agreements, collectively allows the company to raise capital up to the specified maximum amount.
Key Highlights
- CTO Realty Growth established an "at the market" equity distribution program.
- Authorizes the sale of up to $250,000,000 in common stock.
- Sales can be made through a Manager as agent or via a Forward Seller and Forward Purchaser.
- The program allows for both direct issuances and forward equity sales.
- Aggregate offering price across all distribution agreements will not exceed $250,000,000.