Cottonwood Communities Inc.
09/02/2025 | Press release | Distributed by Public on 09/02/2025 10:26
Private Placement (Form 8-K)
Item 3.02 Unregistered Sales of Equity Securities.
Preferred Offering
Cottonwood Communities, Inc. (the "Company," "we," "our," or "us") is conducting multiple best-efforts private placement offerings pursuant to which we are offering certain series of our preferred stock to accredited investors. These offerings are exempt from registration pursuant to Rule 506(b) of Regulation D of the Securities Act because the shares are being offered and sold solely to accredited investors without the use of general solicitation.
In an offering launched December 9, 2024, we are offering a maximum of $150,000,000 in shares of our Series 2025 Preferred Stock (the "Series 2025 Private Offering"). The Series 2025 Preferred Stock is being offered (i) for cash at a purchase price of $10.00 per share (with discounts available to certain categories of purchasers) and (ii) through August 31, 2025 (which date may be extended), in exchange for the outstanding shares of our Series 2019 Preferred Stock at a ratio between 1:1 and 1:1.0782 and our Series 2023 Preferred Stock at a ratio of 1:1.
Sales of Series 2025 Preferred Stock
During the period from August 25, 2025 through September 1, 2025, we issued and sold 123,790 shares of Series 2025 Preferred Stock in the Series 2025 Private Offering and received aggregate proceeds of $1,237,900. In connection with the sale of these shares in the Series 2025 Private Offering, we paid selling commissions of $74,274 and aggregate placement fees of $36,990. As of September 1, 2025, there were 8,964,194 shares of our Series 2025 Preferred Stock outstanding.
Cottonwood Communities Inc. published this content on September 02, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 02, 2025 at 16:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]