LAND - Gladstone Land seeks to list Series C preferred stock on Nasdaq
2023-05-30 16:35:19 ET
Gladstone Land ( NASDAQ: LAND ) has applied to list its 6.00% Series C preferred stock on the Nasdaq Global Market Composite index under the ticker symbol LANDP, the farmland owner said Tuesday. The potential listing is expected to take effect on or about June 8, 2023.
The move comes after Gladstone ( LAND ) in December 2022 completed an issuance of the Series C preferred shares at $25.00 per share through a $255M continuous registered non-listed offering.
The company sought to list the preferred shares on a national securities exchange within one year from the end of the offering. The one-year anniversary of the termination date, or date on which the $255M offering was sold-out, would have been December 31, 2023.
"We believe we demonstrated that we continue to have access to capital through diverse sources and we believe it further underscores investors' belief in our business model," said Gladstone Land Chairman and CEO David Gladstone.
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Gladstone Land seeks to list Series C preferred stock on Nasdaq