India, April 23 -- Agree Realty Corp. (ADC) announced the pricing of its public offering of 4.50 million shares of its common stock at a public offering price of $75.70 per share in connection with the forward sale agreement.
The company also granted the underwriter a 30-day option to purchase up to an additional 675,000 shares of common stock. The offering is expected to close on or about April 25, 2025.
The company has entered into a forward sale agreement with Bank of America, N.A. (the "forward purchaser") with respect to 4.50 million shares of its common stock. In connection with the forward sale agreement, the forward purchaser or its affiliates are expected to borrow and sell to the underwriter an aggregate of 4.50 million shares o...