Cottonwood Communities Inc.
09/18/2026 | Press release | Distributed by Public on 09/18/2026 13:46
Private Placement (Form 8-K)
Item 3.02 Unregistered Sales of Equity Securities.
Preferred Offering
On September 19, 2023, Cottonwood Communities, Inc. (the "Company") launched a best-efforts private placement offering exempt from registration pursuant to Rule 506(b) of Regulation D of the Securities Act pursuant to which it is currently offering a maximum of $200,000,000 in shares of its Series A Convertible Preferred Stock to accredited investors (the "Private Offering") at a purchase price of $10.00 per share. The exemption is available to the Company because the shares are being offered and sold solely to accredited investors without the use of general solicitation.
Sales of Series A Convertible Stock
During the period from September 9, 2026 through September 17, 2026, we issued and sold 162,620 shares of Series A Convertible Preferred Stock in the Series A Convertible Private Offering and received aggregate proceeds of $1,550,000. In connection with the sale of these shares in the Series A Convertible Private Offering, we paid aggregate selling commissions of $22,500 and placement fees of $45,450. As of September 17, 2026, there were 13,493,325 shares of the Company's Series A Convertible Preferred Stock outstanding.
Cottonwood Communities Inc. published this content on September 18, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on September 18, 2026 at 19:46 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]