Corporate ActionJun 29, 2026, 09:02 AM
Macerich Underwriters Exercise Option for 2.1M Additional Shares
AI Summary
The Macerich Company announced that underwriters fully exercised their 30-day option to purchase an additional 2,100,000 shares of common stock at $23.12325 per share. This follows the company's earlier offering of 14,000,000 shares. The company entered into additional forward sale agreements for these option shares, with settlement expected by June 16, 2027. Macerich intends to use the net proceeds to fund future acquisition opportunities and for general corporate purposes.
Key Highlights
- Underwriters exercised option for 2,100,000 additional shares of common stock.
- Option shares were priced at $23.12325 per share.
- The initial offering involved 14,000,000 shares of common stock.
- Proceeds from the offering will fund future acquisition opportunities and general corporate purposes.
- Additional Forward Sale Agreements are expected to be settled by June 16, 2027.
Price Impact
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