CTO Realty Growth Announces Pricing of Public Offering of 6.375% Series A Cumulative Redeemable Preferred Stock
Vinson & Elkins advised CTO Realty Growth, Inc. (the “Company”) in connection with an underwritten public offering of 1,500,000 shares of the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock, at a price to the public of $20.00 per share.
The Company also granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of Series A Preferred Stock, which the underwriters partially exercised with respect to 218,417 shares on April 9, 2024. The offering closed on April 11, 2024.
The Vinson & Elkins team was led by partner Zach Swartz, with assistance from partners Paige Anderson and Chris Mangin and associates Bekah Briggs, Selena Govan, Sarah McIntosh, and Austin Scieszinski.
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