Microvast Holdings announces departure of chief financial officer
Today, Strawberry Fields REIT, Inc. (NYSE:STRW), a $574 million market cap healthcare REIT with strong liquidity metrics and 22% revenue growth over the last twelve months, announced an amendment to its At Market Issuance Sales Agreement, as detailed in a recent SEC filing. The company, along with its operating partnership, Strawberry Fields Realty LP, has added Wedbush Securities Inc. to its existing agreement with B. Riley Securities, Inc. and A.G.P./Alliance Global Partners (NYSE:GLP). Originally dated July 11, 2024, the agreement has been modified to expand the offering to $50 million in common stock shares. According to InvestingPro analysis, STRW maintains a healthy current ratio of 2.6x, with liquid assets well exceeding short-term obligations.
The company concurrently filed a Prospectus Supplement No. 1 with the Securities and Exchange Commission (SEC) under Rule 424(b)(5). This supplement increases the offering size, aligning with the amended agreement and the company’s registration statement on Form S-3 filed on July 25, 2024.
This amendment is part of Strawberry Fields REIT’s strategy to enhance its financial position by leveraging market opportunities. The legal opinion regarding the validity of the shares offered is provided by Shapiro Sher Guinot & Sandler, P.A., and is included in the filing as Exhibit 5.1.
The information is based on a press release statement included in the 8-K filing with the SEC.
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