Global Medical REIT Inc. Closes Public Offering of Common Stock
Vinson & Elkins advised Global Medical REIT Inc. in connection with an underwritten public offering of 7,500,000 shares of its common stock, par value $0.001 per share, at a price to the public of $13.30 per share for gross proceeds of $99,750,000, before deducting underwriting discounts and commissions and offering expenses payable by the Company. The Company also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock, which they exercised in full, bringing the total gross proceeds to $114.7 million.
The V&E team was led by partner Daniel LeBey with assistance from associates Bekah Briggs and Glen Taylor. Partner Chris Mangin, senior associate Paige Anderson and associate Eyad Saqr provided tax advice.
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