$CTO·8-K

CTO Realty Growth, Inc. · Apr 29, 4:18 PM ET

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CTO Realty Growth, Inc. 8-K

Research Summary

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CTO Realty Growth Adds Sales Agents to Preferred Stock ATM Offering

What Happened

  • On April 29, 2026, CTO Realty Growth, Inc. announced it entered into equity distribution agreements with Cantor Fitzgerald & Co. and Huntington Securities, Inc. to add them as sales agents in its previously announced at‑the‑market (ATM) preferred stock offering.
  • The Preferred Offering covers shares of the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock (par $0.01; $25 liquidation preference per share), with an aggregate offering price of up to $25,000,000. The April 29 agreements mirror the form of the Company’s existing preferred equity distribution agreements.
  • The company also amended its November 12, 2024 distribution agreements with existing agents (A.G.P./Alliance Global Partners; B. Riley Securities; Robert W. Baird; Jefferies; JonesTrading Institutional Services; Raymond James; and Truist Securities) to reflect Cantor’s and Huntington’s participation.

Key Details

  • Date filed: April 29, 2026 (Form 8‑K, Item 8.01).
  • Security: 6.375% Series A Cumulative Redeemable Preferred Stock, $0.01 par, $25 liquidation preference.
  • Offering capacity: Up to $25,000,000 aggregate offering price via ATM program.
  • New sales agents: Cantor Fitzgerald & Co. and Huntington Securities, Inc.; existing agents’ agreements were amended to include them.

Why It Matters

  • Adding additional sales agents can broaden the company’s distribution capability and make it easier to sell preferred shares under the ATM program. That can help CTO raise capital more flexibly as market demand allows.
  • If the company issues shares under this program, it would increase preferred equity on the balance sheet (and could affect common shareholders’ relative claim on assets), so investors should watch future 8‑Ks or prospectus supplements for any actual issuances, pricing, and use of proceeds.
  • This filing is procedural and does not itself offer or sell shares; any sales will be made in compliance with applicable securities laws.

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