SmartStop Prices Upsized 8,150,000-Share Offering at $37 Per Share
Bitget2026/11/10 02:51- SmartStop Self Storage REIT priced an underwritten public offering of 8,150,000 common shares at $37 per share through forward sale agreements.
- The offering increased from 7,000,000 shares, with closing expected November 12, 2026, subject to customary conditions.
- Underwriters have a 30-day option to purchase 1,222,500 additional shares, potentially increasing the offering to 9,372,500 shares.
- No proceeds will be received initially; physical settlement of the forward sale agreements is expected no later than September 30, 2028.
- Settlement proceeds will fund pending investments and acquisitions, repay revolving credit and Canadian term debt, and support general corporate purposes.
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.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
