ARMOUR Closes $302.5 Million Offering of 18.5 Million Common Shares at $16.35
ARMOUR Residential REIT closed a public offering of 18,500,000 common shares on August 7, 2025, for gross proceeds of approximately $302.5 million before underwriting discounts and offering expenses. The company plans to use the net proceeds to acquire additional mortgage-backed securities and other mortgage-related assets. Underwriters also hold a 30-day option to buy up to 2,775,000 more shares, which would add shares outstanding and dilute existing holders if exercised.
Key points
- Firm offering of 18,500,000 shares of common stock at $16.35 per share, sold to underwriters led by Goldman Sachs & Co. LLC under an agreement dated August 5, 2025.
- Gross proceeds of approximately $302,475,000 for the firm shares; approximately $347,846,250 if the 2,775,000-share option is exercised in full.
- Net proceeds are intended for mortgage-backed securities and other mortgage-related assets, per the filing.
- Offering settled on August 7, 2025; BUCKLER Securities LLC, an affiliate of the company, participated as an underwriter.
The filing
Written by AI on Nov 8, 2026, 1:55 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 August 07, 2025.
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.