CTO Realty Growth (CTO) to Offer 2.5M Shares of Common Stock
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CTO Realty Growth Announces Public Offering of Common Stock
November 30, 2022 4:05 PM ESTWINTER PARK, Fla., Nov. 30, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the Company) today announced that it has commenced an underwritten public offering of 2,500,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 375,000 shares of its common stock.
The Company intends to use the net proceeds from this offering to fund a portion of the $96 million purchase price of its recently announced lifestyle, mixed-use acquisition opportunity it currently has under contract. If the... More
