Postal Realty Trust (PSTL) filed an 8-K on August 5 disclosing that it had signed separate sales agreements with a group of banks and broker-dealers. Under those agreements, the company can sell up to $300 million of its Class A common stock from time to time, mainly through ordinary broker transactions on the NYSE at prevailing market prices. The filing also describes potential forward sale agreements, both contingent and non-contingent, under which the company may not receive proceeds upfront for shares sold by a forward purchaser's borrowed stock; it currently expects to physically settle any fixed-share forward deals if it enters into them.
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