INDUS Announces Launch of Public Offering of 2,000,000 Shares of Common Stock
October 05 2021 - 4:10PM
INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the
“Company”), a U.S. based industrial/logistics REIT, today
announced that it has commenced an offering of 2,000,000 shares of
common stock. The Company also plans to grant the underwriters a
30-day option to purchase up to 300,000 additional shares of common
stock. INDUS intends to use the net proceeds from the offering to
finance its acquisition and development pipeline and for other
corporate purposes.
Morgan Stanley and Citigroup are acting as
co-lead joint book-running managers for the proposed offering. J.P.
Morgan and Baird are acting as bookrunners and BTIG, BMO Capital
Markets and JMP Securities are acting as co-managers for the
proposed offering.
The proposed offering is being made pursuant to
an effective shelf registration statement on Form S-3 filed with
the Securities and Exchange Commission (“SEC”). A preliminary
prospectus supplement and accompanying prospectus relating to the
offering has been filed with the SEC and is available on the SEC’s
website. The offering will be made only by means of a prospectus
supplement and the accompanying prospectus, copies of which may be
obtained by contacting Morgan Stanley, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or
Citigroup, Attention: Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717; by telephone at 800-831-9146; by
email at prospectus@citi.com; or by visiting the EDGAR database on
the SEC’s web site at www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any of the Company’s
securities, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under
the securities laws of any such state or jurisdiction.
About INDUS
INDUS is a real estate business principally
engaged in developing, acquiring, managing and leasing
industrial/logistics properties. INDUS owns 43 buildings totaling
approximately 5.3 million square feet (including 33
industrial/logistics buildings aggregating approximately 4.9
million square feet) in Connecticut, Pennsylvania, North Carolina
and Florida in addition to over 3,100 acres of undeveloped
land.
Forward-Looking Statements:
This Press Release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 and other federal securities laws. These
forward-looking statements, including relating to the completion of
the proposed offering on the date and terms described, if at all,
and INDUS’s intended use of the net proceeds from the proposed
offering, are based upon the Company’s present expectations, but
the events described in these statements are not guaranteed to
occur. These forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the “Risk Factors” section in INDUS’s
Annual Report on Form 10-K for the fiscal year ended November 30,
2020, filed with the SEC on February 18, 2021, and INDUS’s
Quarterly Report on Form 10-Q for the quarter ended June 30, 2021,
filed with the SEC on August 9, 2021. INDUS disclaims any
obligation to update any forward-looking statements as a result of
developments occurring after the date of this press release except
as required by law. Investors should not place undue reliance upon
forward-looking statements.
CONTACT:Anthony
GaliciExecutive Vice President, Chief Financial
Officer(860) 286-1307
agalici@indusrt.com
Ashley PizzoVice President, Capital
Markets & Investor Relations(212)
218-7914apizzo@indusrt.com
INDUS Realty (NASDAQ:INDT)
Historical Stock Chart
From Jun 2024 to Jul 2024
INDUS Realty (NASDAQ:INDT)
Historical Stock Chart
From Jul 2023 to Jul 2024