MacKenzie Realty Capital, Inc. Files 8-K

Ticker: MKZR · Form: 8-K · Filed: 2025-03-03T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale, financials

TL;DR

MRC enters material agreement, sells equity, files financials. Big moves ahead.

AI Summary

On February 28, 2025, MacKenzie Realty Capital, Inc. entered into a material definitive agreement. The company also disclosed unregistered sales of equity securities and provided financial statements and exhibits. The filing was made on March 3, 2025.

Why It Matters

This 8-K filing indicates significant corporate actions, including material agreements and equity sales, which could impact the company's financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered equity sales, which can carry inherent risks and require further scrutiny.

Key Numbers

Key Players & Entities

FAQ

What type of material definitive agreement did MacKenzie Realty Capital, Inc. enter into?

The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on February 28, 2025.

What were the details of the unregistered sales of equity securities?

The filing indicates unregistered sales of equity securities occurred, but specific details such as the number of shares or price are not provided in this summary.

What financial statements and exhibits are included with this filing?

The filing states that financial statements and exhibits are included, but their specific content is not detailed in the provided text.

When was the earliest event reported in this Form 8-K?

The earliest event reported in this Form 8-K occurred on February 28, 2025.

What is MacKenzie Realty Capital, Inc.'s principal executive office address?

MacKenzie Realty Capital, Inc.'s principal executive office is located at 89 Davis Road, Suite 100, Orinda, California 94563.

From the Filing

0001550913-25-000046.txt : 20250303 0001550913-25-000046.hdr.sgml : 20250303 20250303143128 ACCESSION NUMBER: 0001550913-25-000046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20250228 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250303 DATE AS OF CHANGE: 20250303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MacKenzie Realty Capital, Inc. CENTRAL INDEX KEY: 0001550913 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 454355424 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-42402 FILM NUMBER: 25696738 BUSINESS ADDRESS: STREET 1: 89 DAVIS ROAD, STE. 100 CITY: ORINDA STATE: CA ZIP: 94563 BUSINESS PHONE: 925-631-9100 MAIL ADDRESS: STREET 1: 89 DAVIS ROAD, STE. 100 CITY: ORINDA STATE: CA ZIP: 94563 8-K 1 mrc8k030325.htm FORM 8K false 0001550913 0001550913 2025-02-28 2025-02-28 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 28, 2025 MacKenzie Realty Capital, Inc. (Exact Name of Registrant as Specified in Its Charter) 000-55006 (Commission File Number) Maryland 45-4355424 (State or Other Jurisdiction of Incorporation) (I.R.S. Employer Identification No.) 89 Davis Road, Suite 100 Orinda , California 94563 (Address of principal executive offices, including zip code) ( 925 ) 631-9100 (Registrant’s telephone number, including area code) NOT APPLICABLE (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.0001 per value MKZR NASDAQ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter): Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 Entry into a Material Definitive Agreement. On February 28, 2025, MacKenzie Realty Capital, Inc. (“we” or the “Company”) entered into a securities purchase agreement (“SPA”) with a single institutional investor (the “Purchaser”) pursuant to which the company agreed to offer and sell (i) in a registered direct offering (the “Registered Offering”), (x) 1,534,034 shares (the “Shares”) of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), and (y) pre-funded warrants to purchase up to 1,292,265 shares of Common Stock (the “Pre-Funded Warrants”) and (ii) in a concurrent private placement (the “Private Placement” and together with

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