Cottonwood Communities: Convertible Preferred Offering Update
| Field | Detail |
|---|---|
| Company | Cottonwood Communities, Inc. |
| Form Type | 8-K |
| Filed Date | Sep 29, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $150,000,000, $10.00, $1,302,000, $57,120, $35,385 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-offering, unregistered-sale, convertible-preferred
TL;DR
Cottonwood Communities filed an 8-K for a convertible preferred offering update.
AI Summary
Cottonwood Communities, Inc. announced on September 23, 2025, an update regarding its unregistered sales of equity securities. This filing pertains to a convertible preferred offering, with details expected to be further elaborated in subsequent filings or announcements.
Why It Matters
This filing indicates potential dilution or capital raising activities for Cottonwood Communities, which could impact existing shareholders and the company's financial structure.
Risk Assessment
Risk Level: medium — Unregistered sales of equity securities can carry risks related to disclosure and potential future regulatory scrutiny, as well as impact on existing shareholders.
Key Players & Entities
- Cottonwood Communities, Inc. (company) — Registrant
- September 23, 2025 (date) — Date of Earliest Event Reported
- 1245 Brickyard Road, Suite 250, Salt Lake City, Utah 84106 (address) — Principal Executive Offices
- 000-56165 (company_id) — Commission file number
FAQ
What specific type of equity security is being offered in the convertible preferred offering?
The filing does not specify the exact terms or type of convertible preferred security being offered, only that it is an unregistered sale of equity securities.
What is the purpose of this convertible preferred offering?
The filing does not explicitly state the purpose of the offering, but such offerings are typically for capital raising.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on September 23, 2025.
Is this a registered sale of equity securities?
No, the filing explicitly states 'Unregistered Sales of Equity Securities'.
What is the principal executive office address for Cottonwood Communities, Inc.?
The principal executive office address is 1245 Brickyard Road, Suite 250, Salt Lake City, Utah 84106.
Filing Stats: 516 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2025-09-29 12:26:11
Key Financial Figures
- $150,000,000 — nt to which it is offering a maximum of $150,000,000 in shares of its Series A Convertible P
- $10.00 — ivate Offering") at a purchase price of $10.00 per share. The exemption is available t
- $1,302,000 — ring and received aggregate proceeds of $1,302,000. In connection with the sale of these s
- $57,120 — e paid aggregate selling commissions of $57,120 and placement fees of $35,385. As of Se
- $35,385 — ssions of $57,120 and placement fees of $35,385. As of September 28, 2025, there were 1
Filing Documents
- cci-20250923.htm (8-K) — 23KB
- 0001692951-25-000234.txt ( ) — 129KB
- cci-20250923.xsd (EX-101.SCH) — 2KB
- cci-20250923_lab.xml (EX-101.LAB) — 20KB
- cci-20250923_pre.xml (EX-101.PRE) — 12KB
- cci-20250923_htm.xml (XML) — 2KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. Preferred Offering On September 19, 2023, Cottonwood Communities, Inc. (the "Company") launched a best-efforts private placement offering exempt from registration pursuant to Rule 506(b) of Regulation D of the Securities Act pursuant to which it is offering a maximum of $150,000,000 in shares of its Series A Convertible Preferred Stock to accredited investors (the "Private Offering") at a purchase price of $10.00 per share. The exemption is available to the Company because the shares are being offered and sold solely to accredited investors without the use of general solicitation. Sales of Series A Convertible Stock During the period from September 19, 2025 through September 28, 2025, we issued and sold 133,653 shares of Series A Convertible Preferred Stock in the Series A Convertible Private Offering and received aggregate proceeds of $1,302,000. In connection with the sale of these shares in the Series A Convertible Private Offering, we paid aggregate selling commissions of $57,120 and placement fees of $35,385. As of September 28, 2025, there were 10,568,987 shares of Series A Convertible Preferred Stock outstanding. 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. COTTONWOOD COMMUNITIES, INC. By: /s/ Enzio Cassinis Name: Enzio Cassinis Title: President Date: September 29, 2025