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CTO Realty Growth Announces Closing of Public Offering of Common Stock

CTO Realty Growth Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares Background Image

Vinson & Elkins advised CTO Realty Growth, Inc. (“the Company”) in connection with its underwritten public offering of 3,450,000 shares of common stock, which includes the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $19.00 per share.

Total gross proceeds to the Company from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $65.6 million.

The Vinson & Elkins team was led by counsel Zach Swartz, with assistance from associates Bekah Briggs and Glen Taylor. Other key team members include partner Paige Anderson and associate Sarah McIntosh.

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