|Over a month ago|
Indus Realty Trust 1.75M share Secondary priced at $60.00 » 19:0103/0203/02/21
The deal priced below the…
The deal priced below the last closing price of $60.70. Morgan Stanley, Citi and Baird are acting as joint book running managers for the offering.
Indus Realty Trust announces offering of 1.75M shares of common stock » 16:0903/0103/01/21
Indus Realty Trust…
Indus Realty Trust announced that it has commenced an offering of 1.75M shares of common stock. Indus intends to use the net proceeds from the offering to finance its development pipeline and acquisitions and for other corporate purposes. Morgan Stanley and Citigroup are acting as co-lead joint book-running managers for the proposed offering. Baird is acting as bookrunner and BTIG, JMP Securities and J.P. Morgan are acting as co-managers for the proposed offering.
|Over a quarter ago|
INDUS Realty Trust Inc trading resumes 16:0001/0401/04/21
INDUS Realty Trust Inc trading halted, volatility trading pause 16:0001/0401/04/21
Griffin announces name change to Indus Realty Trust » 08:4201/0401/04/21
Griffin Industrial Realty…
Griffin Industrial Realty announced the following corporate updates concerning its reincorporation as a Maryland corporation, the adoption of a new name and trading symbol and the start of operations as a real estate investment trust on January 1, 2021. On December 30, 2020, pursuant to an Agreement and Plan of Merger, by and among Griffin Industrial Realty, Inc., a Delaware corporation, Griffin Industrial Maryland, Inc., a Maryland corporation and the Predecessor Company's wholly-owned subsidiary, and Griffin Industrial Maryland, LLC, a Maryland limited liability company and a wholly-owned subsidiary of Griffin MD, the Predecessor Company merged with and into Griffin MD Sub, with Griffin MD Sub surviving as the surviving entity and a wholly-owned subsidiary of Griffin MD, on the terms set forth in the Merger Agreement. As a result of the Reincorporation Merger, each outstanding share of the common stock, par value $0.01 per share, of the Predecessor Company was converted into one share of common stock, par value $0.01 per share, of Griffin MD. On December 30, 2020, the Board of Directors of Griffin MD, adopted an amendment to its Amended and Restated Certificate of Incorporation to change the name of Griffin MD to INDUS Realty Trust. The Certificate of Amendment was filed with the Maryland Department of Assessments and Taxation on December 30, 2020, and it became effective on December 31, 2020. The Board of Directors of Griffin MD also amended and restated the by-laws and corporate governance documents of Griffin MD to reflect the name change to INDUS Realty Trust, Inc., effective upon the effectiveness of the Certificate of Amendment. Beginning on January 4, 2021, the common stock of the Company will be listed for trading on The Nasdaq Stock Market LLC under the symbol "INDT", rather than "GRIF", its former trading symbol under the Predecessor Company. Concurrent with the name and trading symbol change, the Company has also updated its website address from www.griffinindustrial.com to www.indusrt.com. Beginning on January 1, 2021, INDUS will elect to be taxed as a REIT under the Internal Revenue Code of 1986, as amended and generally will not be subject to U.S. federal income taxes to the extent the Company timely distributes its taxable income, if any, to its stockholders. In connection with the REIT Conversion and as previously announced, INDUS intends to declare a dividend in the near future in order to distribute the Company's accumulated earnings and profits based on the Company's taxable results through December 31, 2020.