Armour Residential REIT Files 8-K for Material Agreement
Ticker: ARR-PC · Form: 8-K · Filed: Sep 20, 2024 · CIK: 1428205
| Field | Detail |
|---|---|
| Company | Armour Residential Reit, Inc. (ARR-PC) |
| Form Type | 8-K |
| Filed Date | Sep 20, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
Related Tickers: ARR
TL;DR
ARR signs new material deal, filing details to come.
AI Summary
On September 20, 2024, Armour Residential REIT, Inc. filed an 8-K to report the entry into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement, including parties involved and financial terms, are not fully disclosed in the provided text.
Why It Matters
This filing indicates a significant new contract or partnership for Armour Residential REIT, which could impact its financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial implications, but the lack of specific details in the provided text necessitates a medium risk assessment.
Key Players & Entities
- Armour Residential REIT, Inc. (company) — Registrant
- September 20, 2024 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement entered into by Armour Residential REIT?
The provided text states that Armour Residential REIT entered into a material definitive agreement on September 20, 2024, but does not specify the nature of the agreement.
Who are the other parties involved in this material definitive agreement?
The filing does not disclose the names of the other parties involved in the material definitive agreement.
What are the key financial terms or obligations associated with this agreement?
The provided text does not contain specific details regarding the financial terms or obligations of the material definitive agreement.
When was this material definitive agreement officially entered into?
The agreement was entered into on September 20, 2024, as reported in the 8-K filing.
Are there any immediate financial impacts expected from this agreement?
The filing does not provide information on the immediate financial impacts of the material definitive agreement.
Filing Stats: 1,080 words · 4 min read · ~4 pages · Grade level 11.1 · Accepted 2024-09-20 17:08:17
Key Financial Figures
- $0.001 — New York Stock Exchange Common Stock, $0.001 par value ARR New York Stock Exchange
Filing Documents
- arr-20240920.htm (8-K) — 35KB
- exhibit11amendmentno4toequ.htm (EX-1.1) — 39KB
- exhibit51arrseptember2024p.htm (EX-5.1) — 9KB
- 0001428205-24-000213.txt ( ) — 256KB
- arr-20240920.xsd (EX-101.SCH) — 4KB
- arr-20240920_def.xml (EX-101.DEF) — 15KB
- arr-20240920_lab.xml (EX-101.LAB) — 27KB
- arr-20240920_pre.xml (EX-101.PRE) — 16KB
- arr-20240920_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 20, 2024, ARMOUR Residential REIT, Inc. ("ARMOUR" or the "Company") entered into Amendment No. 4 (the "Fourth Sales Agreement Amendment"), pursuant to which ARMOUR added Janney Montgomery Scott LLC ("Janney") to the Equity Sales Agreement, dated July 26, 2023 (the "Sales Agreement"), with BUCKLER Securities LLC, an affiliate of the Company ("BUCKLER"), JonesTrading Institutional Services LLC ("Jones"), Citizens JMP Securities LLC ("Citizens JMP"), Ladenburg Thalmann & Co. Inc. ("Ladenburg Thalmann") and B. Riley Securities, Inc. ("B. Riley Securities"), as sales agents, and the Company's external manager, ARMOUR Capital Management LP, as amended by Amendment No. 1, dated October 25, 2023 (the "First Sales Agreement Amendment"), pursuant to which the Company added StockBlock Securities LLC ("StockBlock") to the Sales Agreement, as further amended by Amendment No. 2, dated June 20, 2024 (the "Second Sales Agreement Amendment"), pursuant to which the Company added BTIG, LLC ("BTIG," and together with BUCKLER, Jones, Citizens JMP, Ladenburg Thalmann, B. Riley Securities, StockBlock and Janney, the "Agents") to the Sales Agreement, as further amended by Amendment No. 3, dated August 23, 2024 (the "Third Sales Agreement Amendment"), pursuant to which the number of shares of our common stock that may be offered and sold under the Sales Agreement was increased by 25,000,000 (as so amended, the "Amended Sales Agreement"). The purpose of the Fourth Sales Agreement Amendment was to add Janney as a party to the Sales Agreement. The Amended Sales Agreement relates to an "at the market offering" program (the "Offering") and the shares of common stock to be sold in the Offering will be issued pursuant to a prospectus supplement (the "ATM Prospectus Supplement") filed with the Securities and Exchange Commission on September 20, 2024, in connection with the Company's effective shelf registration statement on Form
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Amendment No. 4, dated September 20, 2024, by and among ARMOUR Residential REIT, Inc. and ARMOUR Capital Management LP, and BUCKLER Securities LLC, JonesTrading Institutional Services LLC, Citizens JMP Securities, LLC, Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., StockBlock Securities LLC, BTIG, LLC and Janney Montgomery Scott LLC. 5.1 Opinion of Holland & Knight LLP 23.1 Consent of Holland & Knight 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. Dated: September 20, 2024 ARMOUR RESIDENTIAL REIT, INC. By: /s/ Gordon M. Harper Name: Gordon M. Harper Title: Chief Financial Officer