Short answer
ACRES Commercial Realty Corp. (ACR) filed an 8-K current report with the SEC on August 12, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $52.75M gross capital raised through 2.22M Series C preferred shares.
ACRES Commercial Realty Corp. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $52.75M gross capital raised through 2.22M Series C preferred shares
- Shares issued at $23.75 each, carrying an 8.625% fixed-to-floating cumulative dividend
- Preferred issuance strengthens liquidity but adds recurring dividend obligations
- Seaport Global Securities acted as placement agent, with fees and expense reimbursement reducing net proceeds
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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