NewLake Capital Partners Files 8-K

TL;DR

NLCP filed an 8-K on Nov 20, 2024, reporting material agreements and other events.

AI Summary

NewLake Capital Partners, Inc. filed an 8-K on November 20, 2024, reporting the entry into a material definitive agreement and other events. The filing details the company's corporate information, including its incorporation in Maryland and principal executive offices in New Canaan, CT.

Why It Matters

This 8-K filing indicates significant corporate events or agreements for NewLake Capital Partners, Inc., which could impact its business operations and investor relations.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting corporate events and does not appear to contain immediate negative financial news.

Key Numbers

• 000-56327 — SEC File Number (Identifies the company's filing with the SEC.)
• 83-4400045 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• NewLake Capital Partners, Inc. (company) — Registrant
• Maryland (jurisdiction) — State of incorporation
• New Canaan, CT (location) — Principal executive offices
• November 20, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $50,000,000 — ng an aggregate offering price of up to $50,000,000 (the "Shares") from time to time throug

Filing Documents

• nclp-20241120.htm (8-K) — 30KB
• newlakeatm-ex11formequityd.htm (EX-1.1) — 358KB
• nclp-20241120_g1.jpg (GRAPHIC) — 206KB
• 0001854964-24-000056.txt ( ) — 1066KB
• nclp-20241120.xsd (EX-101.SCH) — 2KB
• nclp-20241120_lab.xml (EX-101.LAB) — 20KB
• nclp-20241120_pre.xml (EX-101.PRE) — 12KB
• nclp-20241120_htm.xml (XML) — 3KB

01 - Entry into a Material Definitive Agreement

Item 1.01 - Entry into a Material Definitive Agreement. On November 20, 2024, NewLake Capital Partners, Inc., a Maryland corporation (the "Company"), entered into an Equity Distribution Agreement (the "Lucid Equity Distribution Agreement") by and among (i) the Company, (ii) NLCP Operating Partnership LP, a Delaware limited partnership (the "Operating Partnership") and (iii) Lucid Capital Markets, LLC ("Lucid"). Under the terms of the Lucid Equity Distribution Agreement, the Company may offer and sell shares of common stock, having an aggregate offering price of up to $50,000,000 (the "Shares") from time to time through Lucid. The Lucid Equity Distribution Agreement has substantially similar terms and conditions as the Equity Distribution Agreement the Company and the Operating Partnership entered into with Compass Point Research & Trading, LLC on June 10, 2024. Pursuant to the Lucid Equity Distribution Agreement, the Shares may be offered and sold through Lucid in transactions deemed to be "at-the-market" offerings as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended (the "Securities Act"). Under the Lucid Equity Distribution Agreement, Lucid (at the Company's election) will use commercially reasonable efforts consistent with its normal sales and trading practices to sell the Shares as directed by the Company. Under the Lucid Equity Distribution Agreement, the Company will pay Lucid a commission that will be 2% of the gross sales price per share of Shares sold through it. The Lucid Equity Distribution Agreement contains customary representations, warranties and agreements of the Company and customary conditions to completing future sale transactions, indemnification rights and obligations of the parties and termination provisions. Shares sold under the Lucid Equity Distribution Agreement, if any, will be issued pursuant to the Company's registration statement on Form S-3 (No. 333-267894), and a related prospectus, filed with the Securities

01 - Other Events

Item 8.01 - Other Events On November 20, 2024, the Company's board of directors authorized extending the duration of the Company's existing share repurchase program to conclude on December 31, 2026. Purchases made pursuant to the share repurchase program will be made in the open market, in privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b-18 of the Securities and Exchange Act of 1934, as amended. The authorization of the share repurchase program does not obligate the Company to acquire any particular amount of common stock. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The share repurchase program may be suspended or discontinued by the Company at any time and without prior notice.

01 - Financial Statements and Exhibits

Item 9.01 - Financial Statements and Exhibits (d) The following exhibits are being filed herewith: Exhibit No. Description 1.1 Equity Distribution Agreement, dated November 20, 2024, by and among the Company, NLCP Operating Partnership LP and Lucid Capital Markets, LLC . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 20th day of November, 2024. NewLake Capital Partners, Inc By: /s/ Lisa Meyer Name: Lisa Meyer Title: Chief Financial Officer, Treasurer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR