American Strategic Investment Co. Announces Commencement of Rights Offering for Common Stock


New York – (business wire)–American Strategic Investment Co. (NYSE: NYC) (“NYC” or the “Company”) announced today that it has commenced an offering of its Class A Common Stock (the “Common Stock”) at a par value of $0.01 per share. Announced. ) through a Rights Offering (“Rights Offering”).

The Company will provide all holders of record of its common stock as of 5:00 p.m. ET on January 12, 2023 (the “Record Date”) for each share of its Common Stock held on the Record Date. distributed. Applicable New York Stock Exchange (“NYSE”) Rules and Regulations. The Company does not issue fractional shares of common stock. Fractional shares of common stock remaining after the exercise of subscription rights to shares will be rounded down to the nearest whole share and any excess payment thereof will be refunded.

Shareholders who own at least 5 shares of common stock as of the record date will have the opportunity to participate in the rights offering and subscribe to newly issued common stock in proportion to their holdings as of the record date. can do. If not all holders are fully exercising their rights, fully exercising holders also have the option to purchase additional shares through an oversubscription option. The availability of overhit subscription options is subject to certain conditions and limitations set forth in the prospectus supplement.

The Company intends to use net proceeds from the Rights Offering for general corporate purposes. This may include the purchase of additional real estate or businesses, or other assets, including those that generate non-REIT eligible income, consistent with your business plan.

The Rights Offering will expire on February 22, 2023 at 5:00 PM Eastern Time, unless extended by the Company. We reserve the right to modify or terminate the Rights Offering at any time prior to its expiration.

Common stock issued upon exercise of stock acquisition rights will be listed on the New York Stock Exchange under the symbol “NYC.” The Stock Acquisition Rights are non-transferable and the Company does not plan to list the Stock Acquisition Rights on his NYSE or any other domestic stock exchange.

The Company is authorized by Georgeson LLC, the Information Agent for the Rights Offering, to retain copies of the Rights Offering’s Rights Card and prospectus addendum (and accompanying master I look forward to mailing it to you. or around January 23, 2023. Holders of common stock held in “street name” through a brokerage account, bank, or other nominee will not receive a physical entitlement card. on behalf of them. For questions or more information regarding the Rights Offering, please call the Rights Offering Information Agent, Georgeson LLC at (866) 391-7007.

The Company and its Board of Directors have not made and do not intend to make any recommendations to holders regarding the exercise of stock acquisition rights. Holders must make their own investment decisions as to whether to exercise their Stock Acquisition Rights based on their independent evaluation of the Company’s business and Rights’ offerings.

The offering of common stock under the Rights Offering will be made pursuant to the Company’s existing effective shelf registration statement on Form S-3 (Registration Number 333-248121) filed with the U.S. Securities and Exchange Commission (“SEC”). ) and the prospectus supplement filed with the SEC on January 23, 2023 (and the accompanying basic prospectus dated September 14, 2020).

Information provided here is not complete and is subject to change. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor does it constitute an offer, solicitation or sale of the securities of the Company in any state or jurisdiction in which such an offer is made. Nor is it done. Any solicitation or sale is illegal under the securities laws of any such state or jurisdiction. THIS DOCUMENT IS NOT AN OFFERING, WHICH CAN ONLY BE PERFORMED BY A PROSPECTUS SUPPLEMENT (AND THE ACCOMPANYING PRIMARY PROSPECTUS) CONTAINING INFORMATION ABOUT THE COMPANY AND RIGHTS OFFERING AND SHOULD BE READ CAREFULLY BEFORE INVESTING.

B. Riley Securities is acting as Dealer Manager in connection with the Rights Offering.

About the company

American Strategic Investment Co. owns a portfolio of high quality commercial real estate. Additional information about NYC can be found on the AmericanStrategicInvestment.com website.

Forward-Looking Statements

Statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially. “may”, “will”, “seek”, “predict”, “believe”, “expect”, “estimate”, “plan”, “plan”, “intend”, “all Words such as “should” and similar expressions are intended. However, not all forward-looking statements contain these identifying terms. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are beyond our control, and actual results may vary depending on the forward-looking statements. The intended result may differ significantly. These risks and uncertainties include (a) the anticipated benefits of our election to terminate our status as a real estate investment trust; (b) our ability to commence the rights offering as expected; including whether upper shareholders exercise their rights. (d) whether we will be able to successfully acquire new assets or businesses; (e) (i) the potential for his COVID-19 pandemic worldwide; adverse effects. (ii) geopolitical instability due to the ongoing military conflict between Russia and Ukraine; This includes related sanctions and other penalties imposed by the United States and the European Union, and related impacts on us and our tenants. (iii) the inflationary and high interest rate environment; (f) the fact that we have had to restate or restate certain parts of our history; and (g) the possibility of future acquisitions. and may not be completed on favorable terms or at all, subject to the circumstances and availability of capital; The risks and uncertainties described in the Risk Factors section of the Company’s Annual Report on Form 10-K on Form 10-K and all other filings filed with the SEC after that date include the Subsequent Quarterly Reports, Amendments to Quarterly Reports on Form 10-Q/A, and Amendments to Current Reports on Form 8-K. Such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Forward-looking statements speak only as of the date they are made, and the Company does not make any statements, except where necessary, to reflect changes in assumptions, the occurrence of unanticipated events, or changes in future operating results. does not undertake any obligation to update or revise any forward-looking statements. Yes by law.



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