Corporate ActionMay 20, 2026, 05:23 PM
Strawberry Fields REIT Raises $56M in Israeli Offering
AI Summary
Strawberry Fields REIT, Inc. completed an offering of units solely within Israel, raising approximately $56 million in gross proceeds. The offering included NIS1,000 Bonds (Series C) and 16 Warrants (Series 1) per unit, with the bonds carrying a 6.85% annual interest rate. The warrants are exercisable into 2,603,936 shares of common stock at an exercise price of NIS 39.8 per share (approximately $13.69) and will expire on June 30, 2027.
Key Highlights
- Strawberry Fields REIT raised approximately $56 million in gross proceeds from the Israeli offering.
- The offering units consisted of NIS1,000 Bonds (Series C) and 16 Warrants (Series 1).
- Warrants are exercisable into 2,603,936 shares of common stock.
- The exercise price for warrants is NIS 39.8 per share, equivalent to $13.69 as of May 19, 2026.
- Warrants will expire on June 30, 2027.
- Bonds (Series C) bear an annual interest rate of 6.85% and are repayable from June 2027 to December 2030.
- The company's issued and fully paid share capital is 13,426,610 shares of common stock.
- Fully diluted share capital, assuming full warrant exercise, will be 17,586,610 shares.
Price Impact
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