ACRES Commercial Realty Corp. entered into new Equity Distribution Agreements on September 3, 2026, establishing at-the-market (ATM) offering programs for both common and preferred stock. The company may sell up to $50 million of common shares through Raymond James & Associates, Inc., with a commission not exceeding 2.0%. Simultaneously, the company entered into an agreement with Seaport Global Securities LLC to offer and sell up to 2,980,000 shares of Series C Preferred Stock and up to 2,192,143 shares of Series D Preferred Stock, also subject to a maximum 2.0% commission. These new agreements replace the prior preferred stock distribution agreement with Jones Trading Institutional Services LLC, which was terminated effective September 1, 2026. ACRES Commercial Realty Corp. operates in the real estate investment trust (REIT) industry, focusing on commercial mortgage lending and real estate finance.
