Agree Realty Files 8-K on Feb 16 for Other Events and Exhibits

TL;DR

**Agree Realty just dropped an 8-K on Feb 16 for 'Other Events' and 'Financial Statements and Exhibits', so keep an eye out for details.**

AI Summary

Agree Realty Corporation filed an 8-K on February 16, 2024, reporting an "Other Event" and "Financial Statements and Exhibits." The filing indicates a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, with the earliest event reported also on February 16, 2024. The company, a Real Estate Investment Trust (REIT) based in Royal Oak, MI, has a Commission file number of 1-12928 and an IRS Employer Identification No. of 38-3148187.

Why It Matters

This filing signals that Agree Realty Corporation has an event or information deemed significant enough to warrant immediate disclosure to investors, potentially impacting market perception or future financial analysis.

Risk Assessment

Risk Level: low — This 8-K is a procedural filing indicating an event occurred, but without specific details, it doesn't inherently suggest high risk.

Key Players & Entities

• AGREE REALTY CORP (company) — Filer of the 8-K
• February 16, 2024 (date) — Date of report and earliest event reported
• 32301 Woodward Avenue Royal Oak , MI 48073 (company) — Business address of Agree Realty Corporation
• 248-737-4190 (dollar_amount) — Business phone number
• 1-12928 (dollar_amount) — Commission file number

FAQ

Key Financial Figures

• $0.0001 — e on which registered Common Stock, $0.0001 par value ADC New York Stock Exchange
• $1,000,000,000 — ng an aggregate offering price of up to $1,000,000,000 (the " Shares "). In addition to the is

Filing Documents

• tm245802d2_8k.htm (8-K) — 37KB
• tm245802d2_ex1-1.htm (EX-1.1) — 654KB
• tm245802d2_ex5-1.htm (EX-5.1) — 26KB
• tm245802d2_ex5-1img001.jpg (GRAPHIC) — 10KB
• tm245802d2_ex5-1img002.jpg (GRAPHIC) — 13KB
• 0001104659-24-024994.txt ( ) — 1102KB
• adc-20240216.xsd (EX-101.SCH) — 3KB
• adc-20240216_def.xml (EX-101.DEF) — 26KB
• adc-20240216_lab.xml (EX-101.LAB) — 36KB
• adc-20240216_pre.xml (EX-101.PRE) — 25KB
• tm245802d2_8k_htm.xml (XML) — 5KB

01

Item 8.01. Other Events. At-The-Market Equity Program On February 16, 2024, Agree Realty Corporation (the " Company ") and Agree Limited Partnership (the " Operating Partnership "), for which the Company is the sole general partner, entered into an at-the-market (" ATM ") equity distribution agreement with each of Wells Fargo Securities, LLC (" Wells Fargo "), BofA Securities, Inc. (" BofA Securities "), BTIG, LLC (" BTIG "), Capital One Securities, Inc. (" Capital One Securities "), Robert W. Baird & Co Incorporated ( "Baird" ), Citigroup Global Markets Inc. (" Citigroup "), Citizens JMP Securities, LLC (" Citizens JMP "), Evercore Group L.L.C. (" Evercore "), Jefferies LLC (" Jefferies "), J.P. Morgan Securities LLC ( "J.P. Morgan" ), Mizuho Securities USA LLC (" Mizuho "), Morgan Stanley & Co. LLC (" Morgan Stanley "), Raymond James & Associates, Inc. (" Raymond James "), Regions Securities LLC (" Regions "), and Stifel, Nicolaus & Company, Incorporated (" Stifel ") (we refer to these entities, when acting in their capacity as sales agents, individually as "sales agent" and collectively as "sales agents"), and the forward purchasers (as defined below), pursuant to which the Company may issue and sell from time to time shares of the Company's common stock, $0.0001 par value per share, having an aggregate offering price of up to $1,000,000,000 (the " Shares "). In addition to the issuance and sale of common stock by us through a sales agent acting as a sales agent or directly to the sales agent acting as principal for its own account at a price agreed upon at the time of sale, we have entered into forward sale agreements, between us and each of Wells Fargo National Association, Baird, Bank of America N.A., Citibank, N.A. (or an affiliate thereof), Citizens JMP, Jefferies, JPMorgan Chase Bank, National Association, Mizuho Markets Americas LLC, Morgan Stanley, Nomura Global Financial Products, Inc., Raymond James, Regions and Stifel, or their respective affiliat

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Description 1.1 ATM Distribution Agreement, dated February 16, 2024, among the Company, the Sales Agents party thereto, and the Forward Purchasers party thereto. 5.1 Opinion of Ballard Spahr LLP regarding the validity of the Shares to be issued and offered. 23.1 Consent of Ballard Spahr LLP (included in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGREE REALTY CORPORATION By: /s/ Peter Coughenour Name: Peter Coughenour Title: Chief Financial Officer and Secretary Date: February 16, 2024

View Full Filing

View this 8-K filing on SEC EDGAR