MacKenzie Realty Capital Enters Material Agreement

TL;DR

MRC just signed a big deal, expect financial moves.

AI Summary

On June 11, 2025, MacKenzie Realty Capital, Inc. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The report was filed on June 13, 2025.

Why It Matters

This filing signals a significant new commitment or obligation for MacKenzie Realty Capital, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

• MacKenzie Realty Capital, Inc. (company) — Registrant
• June 11, 2025 (date) — Date of Earliest Event Reported
• June 13, 2025 (date) — Date of Report
• Maryland (jurisdiction) — State of Incorporation
• 45-4355424 (ein) — I.R.S. Employer Identification No.
• 89 Davis Road, Suite 100 (address) — Principal executive offices
• Orinda, California (location) — City and State of principal executive offices
• 94563 (zip_code) — ZIP code of principal executive offices
• 925-631-9100 (phone_number) — Registrant's telephone number

FAQ

From the Filing

0001550913-25-000098.txt : 20250613 0001550913-25-000098.hdr.sgml : 20250613 20250613170305 ACCESSION NUMBER: 0001550913-25-000098 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20250611 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250613 DATE AS OF CHANGE: 20250613 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 EIN: 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: 251047554 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 mrc8k06132025.htm FORM 8K false 0001550913 0001550913 2025-06-11 2025-06-11 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): June 11, 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. Note Purchase Agreement   On June 11, 2025, MacKenzie Realty Capital, Inc. (the “Company”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) by and between the Company and Streeterville Capital, LLC (the “Investor”).   Pursuant to the terms of the Note Purchase Agreement, the Company agreed to issue and sell to the Investor and the Investor agreed to purchase from the Company secured promissory notes in the aggregate principal amount of up to $3,270,000. In consideration thereof, on June 11, 2025 (the closing date), (i) the Investor provided initial funding in the net amount of $1,000,000