Centerspace expands at-the-market share sale program by $250 million to $500 million
Centerspace amended its equity distribution agreement to raise the maximum value of common shares it can sell through agents to $500 million, an increase of $250 million. The company had already sold shares worth $220,676,481.51 under the program, leaving $279,323,518.49 available. Shareholders may face dilution if these additional shares are sold, though the filing does not state any planned sales.
- Maximum aggregate offering size raised by $250,000,000 to $500,000,000 on September 9, 2024
- Prior sales under the agreement totaled $220,676,481.51, leaving a remaining balance of $279,323,518.49
- Colliers Securities LLC and Janney Montgomery Scott LLC added as agents; settlement period changed from two business days to one