Corporate ActionAug 5, 2026, 08:38 AM
Postal Realty Establishes $300M At-The-Market Equity Program
AI Summary
Postal Realty Trust, Inc. and Postal Realty LP entered into sales agreements on August 5, 2026, to establish an At-The-Market (ATM) equity offering program. This program allows for the offer and sale of Class A common stock with an aggregate offering price of up to $300,000,000. The sales will be conducted through various sales agents, including J.P. Morgan and Jefferies, and may involve forward purchasers and sellers through different types of forward sale agreements.
Key Highlights
- Postal Realty Trust established an At-The-Market (ATM) equity offering program.
- The program allows for the sale of Class A common stock with an aggregate offering price of up to $300,000,000.
- Sales will be made through sales agents including J.P. Morgan, Jefferies, and Stifel.
- The program involves forward purchasers and forward sellers for potential forward sale agreements.
- The company may enter into Contingent or Non-Contingent Forward Sale Agreements.
- Proceeds are expected upon physical settlement of Fixed Share Forward Sale Agreements.
Price Impact
More from PSTL