SmartStop Prices Upsized 8,150,000-Share Offering at $37 Per Share

Bitget2026/11/10 02:51

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SmartStop Self Storage REIT priced an underwritten public offering of 8,150,000 common shares at $37 per share through forward sale agreements.
The offering increased from 7,000,000 shares, with closing expected November 12, 2026, subject to customary conditions.
Underwriters have a 30-day option to purchase 1,222,500 additional shares, potentially increasing the offering to 9,372,500 shares.
No proceeds will be received initially; physical settlement of the forward sale agreements is expected no later than September 30, 2028.
Settlement proceeds will fund pending investments and acquisitions, repay revolving credit and Canadian term debt, and support general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartstop Self Storage Reit Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261109764278) on November 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SmartStop Prices Upsized 8,150,000-Share Offering at $37 Per Share

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