ACRES Commercial Realty Corp. entered into a Securities Purchase Agreement on August 10, 2026, to issue and sell 2,220,000 shares of its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock in a registered direct offering. The shares were sold at $23.75 per share, generating aggregate gross proceeds of approximately $52,750,000 before fees and expenses. The transaction closed on August 12, 2026, with Seaport Global LLC acting as the placement agent. This equity issuance provides capital to support the company's operations and growth initiatives within the commercial real estate investment trust industry.
