Medalist REIT Amends Equity Sales Filing
Ticker: MDRR · Form: 8-K/A · Filed: Mar 29, 2024 · CIK: 1654595
| Field | Detail |
|---|---|
| Company | Medalist Diversified Reit, Inc. (MDRR) |
| Form Type | 8-K/A |
| Filed Date | Mar 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, equity-securities, filing-update
TL;DR
Medalist REIT filed an amendment to its 8-K, clarifying past equity sales.
AI Summary
Medalist Diversified REIT, Inc. filed an 8-K/A on March 29, 2024, to amend a previous filing regarding unregistered sales of equity securities. The amendment pertains to events that occurred on February 15, 2024, specifically concerning the company's common stock and Series Cumulative Redeemable Preferred Stock 8.0 Percent.
Why It Matters
This amendment clarifies details about unregistered equity sales, which could impact how investors understand the company's capital structure and potential dilution.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing, providing clarification rather than new material information that would inherently increase risk.
Key Players & Entities
- Medalist Diversified REIT, Inc. (company) — Registrant
- March 29, 2024 (date) — Filing Date
- February 15, 2024 (date) — Event Date
- 804-338-7708 (phone_number) — Registrant's telephone number
FAQ
What specific item is being amended in the 8-K filing?
The filing is an amendment to Item 3.02, Unregistered Sales of Equity Securities.
What is the date of the earliest event reported in this amended filing?
The earliest event reported is February 15, 2024.
What is the company's state of incorporation?
The company is incorporated in Maryland.
What is the company's principal executive office address?
The principal executive offices are located at P.O. Box 8436, Richmond, VA, 23226.
What is the SIC code for Medalist Diversified REIT, Inc.?
The Standard Industrial Classification code is 6798, for Real Estate Investment Trusts.
Filing Stats: 616 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-03-29 16:15:18
Key Financial Figures
- $0.01 — ed Trading Symbol(s) Common Stock, $0.01 par value Nasdaq Capital Market MDR
Filing Documents
- mdrr-20240215x8ka.htm (8-K/A) — 40KB
- 0001558370-24-004384.txt ( ) — 191KB
- mdrr-20240215.xsd (EX-101.SCH) — 4KB
- mdrr-20240215_def.xml (EX-101.DEF) — 14KB
- mdrr-20240215_lab.xml (EX-101.LAB) — 19KB
- mdrr-20240215_pre.xml (EX-101.PRE) — 13KB
- mdrr-20240215x8ka_htm.xml (XML) — 7KB
02
ITEM 3.02 UNREGISERTED SALES OF EQUITY SECURITIES The information disclosed under Item 1.01 of the Original Form 8-K is incorporated herein by reference. The 417,391 OP Units to be issued pursuant to the N. Central Ave. PSA are being offered and sold in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act") , in reliance on Section 4(a)(2) of the Securities Act. Pursuant to the Agreement of Limited Partnership of MDH LP, as amended, the OP Units are redeemable for cash or, at MDH LP's option, shares of the Company's common stock on a one-for-one basis; however, pursuant to the related subscription agreement between MDH LP and Seller, Seller may not redeem the OP Units for shares of the Company's common stock unless such redemption is approved by a majority of the votes cast on the matter at a meeting of the stockholders of the Company or by written consent of the stockholders of the Company in lieu of a special meeting to the extent permitted by applicable state and federal law. SIGNATURE 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. MEDALIST DIVERSIFIED REIT, INC. Dated: March 29, 2024 By: /s/ C. Brent Winn, Jr. C. Brent Winn, Jr. Chief Financial Officer