Agree Realty Announces Pricing of Forward Common Stock Issuance – QNT Press Release


Bloomfield Hills, Michigan., December 8, 2021 /PRNewswire/-Agreed to Real Estate Company (NYSE stock code:Analog-to-digital converter) (The “Company”) today announced that its public offering of 5,000,000 shares of common stock will be priced at 68.15 USD Per share related to the following forward sales agreement. The company also granted the underwriters a 30-day option to purchase up to 750,000 shares of common stock.This issuance is expected to be December 13, 2021.

Wells Fargo Securities, Bank of America Securities and Morgan Stanley will serve as the main joint bookrunners for the offering. Citi, Jefferies and JPMorgan Chase acted as bookrunners for this issue. Raymond James, Stifel, Mizuho Securities, BTIG, Capital One Securities, Regions Securities, Baird, Berenberg Capital Markets, Jenny Montgomery ScottAnd Ladenburg Thalmann served as co-managers of this issue.

The company has entered into a forward sale agreement with Wells Fargo Bank, National Association, Bank of America, NA and Morgan Stanley & Co. LLC (the “forward purchaser”) for its 5,000,000 common shares (and is expected to sign a forward sale of 5,750,000 shares, The premise is that the underwriter exercises its option to purchase the additional shares in full). As far as the forward sales agreement is concerned, the forward buyer or its affiliates are expected to borrow and sell a total of 5,000,000 ordinary shares (5,750,000 shares if the underwriter exercises) to the underwriter to be delivered in this issuance. They can Choose to purchase additional shares in full).According to its right to choose cash or net share settlement, the right is subject to certain conditions, and the company intends to deliver such forward sales agreements no later than the physical settlement on one or more dates designated by the company December 8, 2022, Aggregation…

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