ACRES Commercial Realty Corp. Files 13D/A Amendment
Ticker: ACR-PD · Form: SC 13D/A · Filed: May 8, 2024 · CIK: 1332551
| Field | Detail |
|---|---|
| Company | Acres Commercial Realty Corp. (ACR-PD) |
| Form Type | SC 13D/A |
| Filed Date | May 8, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $21, $24, $27, $30 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 13d-amendment, ownership-update
TL;DR
ACRES Commercial Realty Corp. filed a 13D/A amendment. Ownership update.
AI Summary
ACRES Commercial Realty Corp. filed an amendment (No. 2) to its Schedule 13D on May 8, 2024. This filing relates to the company's common stock. The filing was made by ACRES Share Holdings, LLC, which is part of the ACRES Capital Corp. group. The company's principal executive offices are located at 390 RXR Plaza, Uniondale, NY 11556.
Why It Matters
This amendment to a Schedule 13D filing indicates a change in the ownership or control of ACRES Commercial Realty Corp., which could signal strategic shifts or investor activity.
Risk Assessment
Risk Level: medium — Schedule 13D filings often relate to significant changes in beneficial ownership, which can introduce uncertainty and potential volatility.
Key Numbers
- 2 — Amendment Number (Indicates this is the second amendment to the original filing.)
Key Players & Entities
- ACRES Commercial Realty Corp. (company) — Subject Company
- ACRES Share Holdings, LLC (company) — Filing Party
- ACRES Capital Corp. (company) — Group Member
- Jaclyn Jesberger (person) — Authorized Contact
- 390 RXR Plaza, Uniondale, NY 11556 (location) — Business Address
FAQ
What is the purpose of this Schedule 13D/A filing?
This is Amendment No. 2 to the Schedule 13D, indicating an update or change related to the beneficial ownership or control of ACRES Commercial Realty Corp.
Who is filing this amendment?
The amendment is filed by ACRES Share Holdings, LLC.
What is the CUSIP number for ACRES Commercial Realty Corp. common stock?
The CUSIP number is 00489Q102.
When was this filing submitted?
The filing was submitted on May 8, 2024.
What is the business address of ACRES Commercial Realty Corp.?
The business address is 390 RXR Plaza, Uniondale, NY 11556.
Filing Stats: 1,593 words · 6 min read · ~5 pages · Grade level 12.8 · Accepted 2024-05-08 16:15:24
Key Financial Figures
- $0.001 — o the shares of common stock, par value $0.001 (the “Common Stock”), of AC
- $21 — e following book value targets are met: $21.00, $24.00, $27.00, $30.00, $33.00 and
- $24 — ing book value targets are met: $21.00, $24.00, $27.00, $30.00, $33.00 and $36.00.
- $27 — value targets are met: $21.00, $24.00, $27.00, $30.00, $33.00 and $36.00. In the s
- $30 — argets are met: $21.00, $24.00, $27.00, $30.00, $33.00 and $36.00. In the second qu
- $33.00 — re met: $21.00, $24.00, $27.00, $30.00, $33.00 and $36.00. In the second quarter of 20
- $36.00 — .00, $24.00, $27.00, $30.00, $33.00 and $36.00. In the second quarter of 2021 and in M
- $21.00 — hen the Issuer reported a book value of $21.00 and $24.00, respectively. Additionally,
- $27.00 — hen the Issuer reported a book value of $27.00. (b) Not applicable (c) Not appli
Filing Documents
- ea0205545-13da2acres_acres.htm (SC 13D/A) — 93KB
- 0001213900-24-040884.txt ( ) — 94KB
Signatures
Signatures After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. ACRES Share Holdings, LLC May 8, 2024 By: /s/ Jaclyn Jesberger Vice President ACRES Capital, LLC May 8, 2024 By: /s/ Jaclyn Jesberger Chief Legal Officer ACRES Capital Corp. May 8, 2024 By: /s/ Jaclyn Jesberger Secretary 7