Acres Commercial Realty prices 2,220,000 Series C preferred shares at $23.75 in registered direct offering

Reuters2026/08/12 20:26

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Acres Commercial Realty priced a registered direct offering of 2,220,000 shares of 8.625% Fixed-to-Floating Series C preferred stock.
Shares sold at USD 23.75 each; gross proceeds about USD 52.75 million.
Offering closed Aug. 12, 2026; Seaport Global Securities served as placement agent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Acres Commercial Realty Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-346890), on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Acres Commercial Realty prices 2,220,000 Series C preferred shares at $23.75 in registered direct offering

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