ACRES Commercial Realty Prices $52.7M Series C Preferred Offering at $23.75/Share

summarizeSummary

ACRES Commercial Realty priced a 2.22 million share follow-on offering of its Series C Preferred Stock at $23.75 per share, raising $52.7 million in gross proceeds to fund loan originations and general corporate purposes.

check_boxKey Events · Financing and Capital Events · ACR

• Series C Preferred Follow-On Priced

  2,220,000 shares of 8.625% Series C Preferred Stock offered at $23.75 per share, for total gross proceeds of $52.7 million. The shares are fungible with the existing 4.8 million shares outstanding.

• Use of Proceeds

  Net proceeds of approximately $50.2 million will be used for loan originations and general corporate purposes, including potential debt repayment.

• Placement Agent Fees

  Seaport Global Securities will receive a cash fee of $0.546875 per share, totaling approximately $1.2 million, plus expense reimbursement.

• Recent Capital Markets Activity

  This offering follows a $200 million private notes placement completed on August 6, 2026, and the all-stock acquisition of external manager ACRES Capital Corp., which closed the same day.

auto_awesomeAnalysis · ACR · Real Estate & Construction

ACRES Commercial Realty is raising $52.7 million through a follow-on offering of its Series C Preferred Stock, priced at $23.75 per share — a modest discount to the $25.00 liquidation preference. The company, which recently completed a transformative merger and internalization, will use the proceeds for loan originations and general corporate purposes. The offering adds to the existing 4.8 million shares outstanding, increasing the Series C float by 46%, and comes just days after the company closed a $200 million private notes offering. While the preferred stock carries an 8.625% minimum floating rate, the capital injection strengthens the balance sheet following a Q2 net loss and supports the newly internalized REIT's lending platform.