Corporate ActionApr 24, 2026, 08:18 AM
Gladstone Land Establishes $500M At-The-Market Equity Program
AI Summary
Gladstone Land Corporation and its operating partnership have entered into new Equity Distribution Agreements with Virtu Americas LLC and Lucid Capital Markets, LLC. These agreements enable the company to sell up to $500.0 million of its common stock through "at-the-market" offerings. The sales agents will be compensated up to 3.0% of the gross proceeds from shares sold, providing the company with a flexible mechanism to raise capital.
Key Highlights
- Established $500 million at-the-market equity offering program.
- Allows sale of common stock through sales agents.
- Sales agents to receive up to 3.0% compensation.