Acres Commercial Realty prices 2,220,000 Series C preferred shares at $23.75 in registered direct offering
ACR•Closing and placement agent
The offering closed Aug. 12, 2026. Seaport Global Securities served as placement agent.
Registered direct offering priced
Acres Commercial Realty priced a registered direct offering of 2,220,000 shares of 8.625% Fixed-to-Floating Series C preferred stock.
Shares were sold at $23.75 each, for gross proceeds of about $52.75 million.
