Sonida Senior Living (SNDA) Announces Public Offering of Common Stock
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Sonida Senior Living Announces Public Offering of Common Stock
August 15, 2024 4:30 PM EDTDALLAS--(BUSINESS WIRE)-- Sonida Senior Living, Inc. (Sonida or the Company) (NYSE: SNDA), a leading owner, operator and investor in senior housing communities, announced today that it has commenced an underwritten public offering of 4,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase 600,000 additional shares of the Companys common stock.
The Company intends to use $102.9 million of the net proceeds, including any net proceeds from the underwriters exercise of their option to purchase additional shares, from the offering to fund the purchase price for the... More
