Cottonwood Communities, Inc. 8-K

What Happened
Cottonwood Communities, Inc. filed an 8-K (June 23, 2026) disclosing that it sold 179,051 shares of its Series A Convertible Preferred Stock between June 11, 2026 and June 22, 2026 as part of an ongoing Rule 506(b) private placement. The company received aggregate gross proceeds of $1,735,000 from these sales.

Key Details

• The Series A Convertible Private Offering was launched on September 19, 2023 and is a best‑efforts private placement under Rule 506(b) to accredited investors, with a maximum offering size of $200,000,000.
• Offer price: $10.00 per share. Sales in the June 11–22, 2026 period: 179,051 shares for $1,735,000 gross.
• Fees and commissions: $57,000 in selling commissions and $47,325 in placement fees (total fees $104,325), implying net proceeds of approximately $1,630,675 from this tranche.
• As of June 22, 2026 there were 12,793,168 shares of Series A Convertible Preferred Stock outstanding.

Why It Matters
This filing reports a continued capital raise via a private placement aimed at accredited investors. The issuance increases the outstanding Series A convertible preferred share count and provides the company with fresh cash (net proceeds after fees), which may be used for operations, growth, or other corporate needs. Investors should note the private nature of the offering (no general solicitation) and the potential impact on equity capitalization from additional preferred shares; conversion terms and potential dilution effects are not detailed in this item.