CTO Realty Growth Announces Public Offering of Common Stock
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CTO Realty Growth (CTO) Prices Upsized 3M Share Public Offering of Common Stock at $19/Share
December 1, 2022 7:34 AM ESTCTO Realty Growth, Inc. (NYSE: CTO) (the Company) today announced that it has priced an upsized underwritten public offering of 3,000,000 shares of its common stock at a price to the public of $19.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of its common stock. The offering is expected to close on December 5, 2022, subject to customary closing conditions. Total estimated gross proceeds of the offering are approximately $57 million or approximately $66 million if the underwriters exercise their option to... More
