Gladstone Land (LAND) Plans Common Stock Offering
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Gladstone Land Corporation Announces Common Stock Offering
June 19, 2019 4:06 PM EDTMCLEAN, Va., June 19, 2019 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (the Company) today announced that it plans to sell shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of common stock solely to cover over-allotments, if any. Janney Montgomery Scott LLC is acting as sole book-running manager for the offering.
The Company intends to use the net proceeds from this offering to repay existing indebtedness, which, in turn, will be used to fund future property acquisitions and... More
