ACRES Commercial Realty sets up $50 million common stock ATM and new preferred ATM program
ACRES Commercial Realty Corp. entered into two at-the-market equity distribution agreements on September 3, 2026: a common stock program of up to $50 million with Raymond James and a preferred stock program covering up to 2,980,000 Series C and 2,192,143 Series D shares with Seaport Global Securities. The filing also ends a prior preferred stock sales agreement with Jones Trading, under which only 7,857 Series D shares had been sold, so new share sales could dilute existing shareholders.
Key points
- Common stock: up to $50 million of shares may be sold through Raymond James & Associates, with commissions not to exceed 2.0% of gross sales price
- Preferred stock: up to 2,980,000 shares of 8.625% Series C and 2,192,143 shares of 7.875% Series D through Seaport Global Securities, with commissions not to exceed 2.0%
- Prior preferred agreement with Jones Trading terminated effective September 1, 2026, after 7,857 Series D shares were sold under it
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.