Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In July 2023, we issued 2,265 common shares at $10.25 per share, to the Class A unit holders of the Operating Partnership who exercised their option to convert their Class A units to our common
shares.
During the three months ended September 30, 2023, we issued 54,394.20 of Series A preferred shares with total gross proceeds of $1,359,350, as well as 1,771.45 Series A preferred shares with total
gross proceeds of $39,858 under the DRIP related to the Series A preferred, pursuant to our Regulation A Series A preferred stock offering.
These private placements of our common and preferred shares were exempt from registration under Section 4(a)(2) and Section 3(b) of the Securities Act of 1933, as amended (the “Securities Act”), and
Regulation D and A thereunder.
Issuer Purchases of Equity Securities
The following table presents information with respect to our purchases of our common stock during the period covered by this report:
Execution Date
Total Number of
Shares Purchased
Average Price Paid
Per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans
Maximum Dollar
Value of Shares That
May Yet Be
Purchased Under
Publicly Announced
Plans
During the quarter ended September 30, 2023
Common stocks
September 1, 2023 through September 30, 2023
64,092.00
$
7.38
64,092.00
-
Item 3.
DEFAULTS UPON SENIOR SECURITIES
None.
Item 4.
MINE SAFETY DISCLOSURES
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.