Tanger files $400 million at-the-market share sale program with new sales agents
Tanger entered a new at-the-market equity program with a maximum gross sales price of $400 million, replacing its February 24, 2025 sales agreement, which it terminated without having issued any shares. The company may sell shares from time to time at its discretion and has no obligation to sell, so the program's dilutive effect depends on future sales that the filing does not quantify.
Key points
- Maximum aggregate gross sales price under the 2026 Sales Agreement is $400 million.
- Sales agents include BofA Securities, Wells Fargo Securities, BTIG, Mizuho, Nomura, Regions, Scotia Capital, TD Securities, and Truist Securities, among others.
- Compensation to each sales agent will not exceed 2.0% of gross sales price of issuance shares sold through it.
- Company intends to use net proceeds for general corporate purposes, including acquisitions, development, and debt repayment; the 2025 agreement had no shares issued as of February 26, 2026.
The filing
Written by AI on Nov 8, 2026, 1:00 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 February 26, 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.