Agree Realty Corp Files 8-K on Oct 25
Ticker: ADC-PA · Form: 8-K · Filed: Oct 25, 2024 · CIK: 917251
| Field | Detail |
|---|---|
| Company | Agree Realty Corp (ADC-PA) |
| Form Type | 8-K |
| Filed Date | Oct 25, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $1,250,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, corporate-filing, real-estate
TL;DR
AGREE REALTY CORP FILED AN 8-K ON 10/25/24 - CHECK FOR UPDATES.
AI Summary
Agree Realty Corporation filed an 8-K on October 25, 2024, reporting on other events and financial statements. The filing details the company's principal executive offices located at 32301 Woodward Avenue, Royal Oak, Michigan, 48073, and its telephone number is (248) 737-4190. The report is filed under the Securities Exchange Act of 1934.
Why It Matters
This 8-K filing provides an update on Agree Realty Corporation's corporate activities and financial reporting, which is important for investors to stay informed about the company's status.
Risk Assessment
Risk Level: low — This filing is a routine 8-K report detailing corporate information and is not indicative of immediate financial distress or significant operational changes.
Key Players & Entities
- Agree Realty Corporation (company) — Registrant
- 32301 Woodward Avenue, Royal Oak, Michigan, 48073 (location) — Principal executive offices
- October 25, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for Agree Realty Corporation?
The primary purpose of this 8-K filing is to report on 'Other Events' and 'Financial Statements and Exhibits' as of October 25, 2024.
Where are Agree Realty Corporation's principal executive offices located?
Agree Realty Corporation's principal executive offices are located at 32301 Woodward Avenue, Royal Oak, Michigan, 48073.
What is the telephone number for Agree Realty Corporation?
The telephone number for Agree Realty Corporation is (248) 737-4190.
Under which act is this 8-K report filed?
This 8-K report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is October 25, 2024.
Filing Stats: 1,498 words · 6 min read · ~5 pages · Grade level 12.3 · Accepted 2024-10-25 16:08:20
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value ADC New York Stock Exchange
- $1,250,000,000 — ng an aggregate offering price of up to $1,250,000,000 (the " Shares "). In addition to the is
Filing Documents
- tm2426740d1_8k.htm (8-K) — 35KB
- tm2426740d1_ex1-1.htm (EX-1.1) — 643KB
- tm2426740d1_ex5-1.htm (EX-5.1) — 26KB
- tm2426740d1_ex5-1img001.jpg (GRAPHIC) — 3KB
- tm2426740d1_ex5-1img002.jpg (GRAPHIC) — 5KB
- 0001104659-24-111474.txt ( ) — 1065KB
- adc-20241025.xsd (EX-101.SCH) — 3KB
- adc-20241025_def.xml (EX-101.DEF) — 26KB
- adc-20241025_lab.xml (EX-101.LAB) — 36KB
- adc-20241025_pre.xml (EX-101.PRE) — 25KB
- tm2426740d1_8k_htm.xml (XML) — 5KB
01
Item 8.01. Other Events. At-The-Market Equity Program On October 25, 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 "), Robert W. Baird & Co Incorporated ( "Baird" ), BofA Securities, Inc. (" BofA Securities "), BTIG, LLC (" BTIG "), Citigroup Global Markets Inc. (" Citigroup "), 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 "), Samuel A. Ramirez & Company, Inc. (" Ramirez ") , Raymond James & Associates, Inc. (" Raymond James "), Regions Securities LLC (" Regions "), SMBC Nikko Securities America, Inc. (" SMBC ") 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 $1,250,000,000 (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), 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 affiliates or agents (we refer to
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Description 1.1 Equity Distribution Agreement, dated October 25, 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: October 25, 2024