Caliber Announces Closing of the Underwritten Public Offering of Units

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Caliber (NASDAQ: CWD; “CaliberCos Inc.” or “the Company”), a real estate investor, developer, and asset manager, today announced the closing of its underwritten public offering of total units for gross proceeds of approximately $900,000, prior to deducting underwriting discounts and commissions and offering expenses.

The offering was comprised of 2,400,000 units, priced at a public offering price of $0.375 per unit, with each unit consisting of one share of Class A common stock and one right to acquire one-fifth (1/5^th) of one share of Class A common stock.

Caliber intends to use the net proceeds from the Offering to repay debt and for working capital and general corporate purposes.

Craft Capital Management LLC acted as the sole book-running manager and underwriter for the offering. Manatt, Phelps & Phillips, LLP acted as counsel to the Company and Lucosky Brookman LLP acted as counsel to the underwriter.

The offering was made pursuant to a Registration Statement on Form S-3, which was previously filed and declared effective by the SEC. Caliber has filed a final prospectus supplement and accompanying prospectus relating to and describing the terms of the offering with the SEC. These documents can be accessed for free through the SEC’s website at www.sec.gov.

Copies of the final prospectus supplement and the accompanying prospectus relating to this offering may also be obtained from the offices of Craft Capital Management LLC, 377 Oak Street, Lower Concourse, Garden City, NY 11530.

About Caliber (CaliberCos Inc.)

With over $2.9 billion in managed assets, Caliber’s 16-year track record of managing and developing real estate is built on a singular goal: to make money in all market conditions, specializing in hospitality, multi-family residential, and multi-tenant industrial. Our growth is fueled by performance and a key competitive advantage: we invest in projects, strategies, and geographies that global real estate institutions often overlook. Integral to this advantage is our in-house shared services group, which gives Caliber greater control over our real estate and enhanced visibility into future investment opportunities.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the reports filed by the Company with the SEC. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250421310620/en/

Caliber Investor Relations:

Ilya Grozovsky

+1 480-295-7600

Ilya@CaliberCo.com

Source: CaliberCos Inc.

FAQ

How much did Caliber (CWD) raise in its recent public offering?

Caliber raised approximately $900,000 in gross proceeds through its public offering of units.

What is the structure of Caliber's (CWD) unit offering?

Each unit was priced at $0.375 and consists of one share of Class A common stock plus one right to acquire one-fifth of one share of Class A common stock.

How will Caliber (CWD) use the proceeds from its public offering?

Caliber plans to use the net proceeds to repay debt, fund working capital, and support general corporate purposes.

How many units were sold in Caliber's (CWD) public offering?

Caliber sold 2,400,000 units in its public offering.