Corporate ActionAug 6, 2026, 04:48 PM
Prologis Raises $312.2M from Underwriters' Option Exercise
AI Summary
Prologis announced that J.P. Morgan Securities LLC and BofA Securities, Inc., underwriters for its recent common stock offering, exercised their option to purchase an additional 2,250,000 shares. This exercise will generate approximately $312.2 million in net proceeds for the company. The sale of these additional shares is expected to close on August 7, 2026.
Key Highlights
- Underwriters exercised option to purchase 2,250,000 additional shares.
- Aggregate net proceeds to Prologis will be approximately $312.2 million.
- The original underwritten offering was for 15,000,000 shares.
- Closing for the additional shares is scheduled for August 7, 2026.
- Underwriters include J.P. Morgan Securities LLC and BofA Securities, Inc.
Price Impact
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