Financing ·
Broadstone Net Lease, Inc. entered into an underwriting agreement to sell 11,000,000 shares of common stock at a…
BNLBroadstone Net Lease, Inc.
Broadstone Net Lease, Inc. entered into an underwriting agreement to sell 11,000,000 shares of common stock at a public offering price of $20.50 per share. The underwriters exercised their option to purchase an additional 1,650,000 shares on August 9, 2026, bringing the total offering size to 12,650,000 shares. Proceeds from forward sellers were initially retained by third parties, with the Company expecting physical settlement and cash proceeds no later than September 30, 2027, at an initial forward sale price of $19.7825 per share. The offering closed on August 10, 2026. Broadstone Net Lease, Inc. operates in the real estate industry, specifically focusing on net lease investments.