NETSTREIT Corp. Files 8-K for Corporate Communications

TL;DR

**NETSTREIT Corp. just filed an 8-K, signaling active corporate communications, likely ahead of a key announcement.**

AI Summary

NETSTREIT Corp. filed an 8-K on January 12, 2024, reporting an event that occurred on January 9, 2024. This filing indicates that the company is using specific provisions under the Securities Act and Exchange Act for written communications and soliciting material. For investors, this matters because it signals that NETSTREIT Corp. is actively engaging in corporate communications, potentially related to a significant event or transaction, which could influence stock performance.

Why It Matters

This filing indicates NETSTREIT Corp. is actively communicating with shareholders, which could precede important corporate actions or announcements, impacting investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — This 8-K is a procedural filing for corporate communications and does not inherently present a direct financial risk.

Analyst Insight

Investors should monitor NETSTREIT Corp.'s subsequent filings and communications for details on the specific events or transactions that these procedural filings are preparing for, as they could contain material information.

Key Players & Entities

• NETSTREIT Corp. (company) — the registrant filing the 8-K
• January 9, 2024 (date) — date of the earliest event reported
• January 12, 2024 (date) — date the 8-K was filed
• 001-39443 (other) — Commission File Number for NETSTREIT Corp.
• NTST (other) — Trading Symbol for NETSTREIT Corp. Common Stock
• The New York Stock Exchange (other) — exchange where NETSTREIT Corp. Common Stock is registered

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share NTST The New Yor
• $18.00 — option, at the public offering price of $18.00 per share of Common Stock, pursuant to

Filing Documents

• tm2333889d4_8k.htm (8-K) — 34KB
• tm2333889d4_ex1-1.htm (EX-1.1) — 152KB
• tm2333889d4_ex1-2.htm (EX-1.2) — 145KB
• tm2333889d4_ex1-3.htm (EX-1.3) — 143KB
• tm2333889d4_ex1-4.htm (EX-1.4) — 149KB
• tm2333889d4_ex1-5.htm (EX-1.5) — 276KB
• tm2333889d4_ex5-1.htm (EX-5.1) — 21KB
• tm2333889d4_ex5-1img001.jpg (GRAPHIC) — 42KB
• tm2333889d4_ex5-1img002.jpg (GRAPHIC) — 25KB
• 0001104659-24-003679.txt ( ) — 1394KB
• ntst-20240109.xsd (EX-101.SCH) — 3KB
• ntst-20240109_lab.xml (EX-101.LAB) — 33KB
• ntst-20240109_pre.xml (EX-101.PRE) — 22KB
• tm2333889d4_8k_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On January 12, 2024, NETSTREIT Corp., a Maryland corporation (the "Company"), completed a public offering of 11,040,000 shares of its common stock, $0.01 per share (the "Common Stock"), including 1,440,000 shares sold pursuant to the Underwriters' option, at the public offering price of $18.00 per share of Common Stock, pursuant to an underwriting agreement, dated January 9, 2024 (the "Underwriting Agreement"), among (i) the Company, (ii) NETSTREIT, L.P., (ii) Wells Fargo Bank, National Association ("Wells Fargo") and Bank of America, N.A. ("Bank of America"), in their capacity as forward purchasers, (iv) Wells Fargo and Bank of America, in their capacity as forward counterparties and (v) Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the of the several underwriters named therein (the "Underwriters"). The Company granted the Underwriters a 30-day option to purchase up to 1,440,000 additional shares of Common Stock on the same terms and conditions, which the Underwriters exercised in full on January 10, 2024. In connection with the offering and the exercise of the option, the Company entered into forward sale agreements (each a "Forward Sale Agreement" and collectively, the "Forward Sale Agreements") with each of Wells Fargo and Bank of America, as forward counterparties. In connection with the Forward Sale Agreements, the forward purchasers or their affiliates borrowed from third parties and sold to the Underwriters 11,040,000 shares of Common Stock. The Common Stock described above was offered pursuant to the Company's registration 1, 2021. The Company will not initially receive any proceeds from the sale of shares of its Common Stock by the forward purchasers. The Company expects to physically settle the Forward Sale Agreements (by the delivery of shares of Common Stock) a

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 1.1 Forward Sale Agreement, dated as of January 9, 2024, between the Company and Wells Fargo. 1.2 Forward Sale Agreement, dated as of January 9, 2024, between the Company and Bank of America. 1.3 Forward Sale Agreement, dated as of January 10, 2024, between the Company and Wells Fargo. 1.4 Forward Sale Agreement, dated as of January 10, 2024, between the Company and Bank of America. 1.5 Underwriting Agreement, dated January 9, 2024, by and among the Company, NETSTREIT, L.P., Wells Fargo and Bank of America, in their capacity as forward purchasers, Wells Fargo and Bank of America, in their capacity as forward counterparties and Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several underwriters named therein. 5.1 Opinion of Venable LLP. 23.1 Consent of Venable LLP (included in Exhibit 5.1). 104 Cover page interactive data file (embedded within the inline XBRL document). 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. NETSTREIT Corp. January 12, 2024 /s/ DANIEL DONLAN Date Daniel Donlan Chief Financial Officer and Treasurer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR