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Caliber Announces Series AA Cumulative Redeemable Preferred Stock Offering Under Regulation A+

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Caliber (NASDAQ: CWD) has announced a new offering of Series AA Cumulative Redeemable Preferred Stock under Regulation A+, which has been qualified by the SEC. The company aims to raise up to $20 million by offering 800,000 shares at $25.00 per share.

The Series AA Preferred Stock will have priority over common stock for dividends and liquidation rights. Shareholders will receive cumulative monthly dividends at a 9.5% annual rate ($0.198 per share monthly), which will accrue regardless of board declaration. Caliber is obligated to redeem all outstanding preferred shares on the third anniversary of issuance.

The company notes that this investment opportunity is highly speculative, with risks including potential total investment loss and indefinite illiquidity, as no public market currently exists for these securities.

Caliber (NASDAQ: CWD) ha annunciato una nuova offerta di Azioni Preferenziali Riscattabili Cumulative di Serie AA ai sensi del Regolamento A+, approvata dalla SEC. L'azienda mira a raccogliere fino a 20 milioni di dollari offrendo 800.000 azioni a 25,00 dollari per azione.

Le Azioni Preferenziali di Serie AA avranno priorità rispetto alle azioni ordinarie per quanto riguarda i dividendi e i diritti di liquidazione. Gli azionisti riceveranno dividendi cumulativi mensili a un tasso annuo del 9,5% (0,198 dollari per azione mensilmente), che si accumuleranno indipendentemente dalla dichiarazione del consiglio. Caliber è obbligata a riscattare tutte le azioni preferenziali in circolazione al terzo anniversario dell'emissione.

L'azienda sottolinea che questa opportunità di investimento è altamente speculativa, con rischi che includono la possibile perdita totale dell'investimento e illiquidità indefinita, poiché attualmente non esiste un mercato pubblico per questi titoli.

Caliber (NASDAQ: CWD) ha anunciado una nueva oferta de Acciones Preferentes Cumulativas Riscatables de Serie AA bajo la Regulación A+, que ha sido calificada por la SEC. La empresa tiene como objetivo recaudar hasta 20 millones de dólares ofreciendo 800,000 acciones a 25,00 dólares por acción.

Las Acciones Preferentes de Serie AA tendrán prioridad sobre las acciones comunes en cuanto a dividendos y derechos de liquidación. Los accionistas recibirán dividendos mensuales acumulativos a una tasa anual del 9,5% (0,198 dólares por acción mensualmente), que se acumularán independientemente de la declaración de la junta. Caliber está obligada a rescatar todas las acciones preferentes en circulación en el tercer aniversario de la emisión.

La empresa señala que esta oportunidad de inversión es altamente especulativa, con riesgos que incluyen la posible pérdida total de la inversión y una iliquidez indefinida, ya que actualmente no existe un mercado público para estos valores.

칼리버 (NASDAQ: CWD)는 SEC의 승인을 받은 AA 시리즈 누적 상환 우선주의 새로운 공모를 발표했습니다. 이 회사는 2천만 달러까지 모금할 계획이며, 주당 25.00 달러로 800,000주를 제공합니다.

AA 시리즈 우선주는 배당금 및 청산 권리에 대해 보통주보다 우선권을 가집니다. 주주들은 연 9.5%의 비율(주당 월 0.198 달러)의 누적 월 배당금을 받게 되며, 이 배당금은 이사회 선언과 관계없이 누적됩니다. 칼리버는 발행 3주년이 되는 날 모든 미발행 우선주를 상환해야 합니다.

회사는 이 투자 기회가 매우 투기적이며, 투자금 전액 손실 및 무기한 유동성 부족과 같은 위험이 포함되어 있다고 언급합니다. 현재 이러한 증권에 대한 공개 시장이 존재하지 않기 때문입니다.

Caliber (NASDAQ: CWD) a annoncé une nouvelle offre d'Actions Préférentielles Cumulatives Remboursables de Série AA conformément à la Réglementation A+, qui a été approuvée par la SEC. L'entreprise vise à lever jusqu'à 20 millions de dollars en offrant 800 000 actions à 25,00 dollars par action.

Les Actions Préférentielles de Série AA auront priorité sur les actions ordinaires en ce qui concerne les dividendes et les droits de liquidation. Les actionnaires recevront des dividendes mensuels cumulés à un taux annuel de 9,5% (0,198 dollars par action par mois), qui s'accumuleront indépendamment de la déclaration du conseil. Caliber est tenue de racheter toutes les actions préférentielles en circulation au troisième anniversaire de l'émission.

L'entreprise souligne que cette opportunité d'investissement est hautement spéculative, avec des risques incluant la perte totale potentielle de l'investissement et une illiquidité indéfinie, car aucun marché public n'existe actuellement pour ces titres.

Caliber (NASDAQ: CWD) hat ein neues Angebot von Serie AA kumulierten, rückzahlbaren Vorzugsaktien gemäß Regulation A+ angekündigt, das von der SEC genehmigt wurde. Das Unternehmen strebt an, bis zu 20 Millionen Dollar durch den Verkauf von 800.000 Aktien zu einem Preis von 25,00 Dollar pro Aktie zu sammeln.

Die Serie AA Vorzugsaktien haben Vorrang vor den Stammaktien hinsichtlich Dividenden und Liquidationsrechten. Die Aktionäre erhalten kumulierte monatliche Dividenden zu einem jährlichen Satz von 9,5% (0,198 Dollar pro Aktie monatlich), die unabhängig von der Erklärung des Vorstands anfallen. Caliber ist verpflichtet, alle ausstehenden Vorzugsaktien am dritten Jahrestag der Emission zurückzukaufen.

Das Unternehmen weist darauf hin, dass diese Investitionsmöglichkeit hochspekulativ ist und Risiken wie den möglichen Totalverlust der Investition und unbestimmte Illiquidität umfasst, da derzeit kein öffentlicher Markt für diese Wertpapiere existiert.

Positive
  • Secured SEC qualification for Series AA Preferred Stock offering
  • Attractive 9.5% annual dividend rate with monthly payments
  • Mandatory redemption after 3 years provides clear exit timeline
  • Senior ranking over common stock for dividends and liquidation rights
Negative
  • Highly speculative investment with risk of total loss
  • No public market exists for the securities
  • Potential indefinite illiquidity period
  • Additional capital raise may indicate cash needs

Insights

Caliber's announcement of a $20 million Series AA Preferred Stock offering represents a substantial capital raise relative to the company's $12.1 million market capitalization. This 9.5% dividend-yielding security creates significant obligations, as the company must distribute approximately $1.9 million annually in preferred dividends regardless of board declaration or profitability.

The mandatory 3-year redemption requirement adds considerable financial pressure, as Caliber must repay the entire $20 million principal by 2028. This short redemption window creates refinancing risk and potential cash flow constraints for a relatively small company.

The Regulation A+ framework suggests the company is leveraging more accessible capital-raising mechanisms, potentially because traditional institutional financing channels are challenging. For existing common shareholders, this highly-ranked security creates structural subordination - preferred investors will have priority claims on assets and cash flows.

The warning language emphasizing the "highly speculative" nature of these securities and that investors "must be prepared to lose their entire investment" signals elevated risk levels. The lack of a public market for these securities further compounds investor illiquidity concerns.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that the Company’s Offering Statement with respect to the Company’s newly designated Series AA Cumulative Redeemable Preferred Stock (“Series AA Preferred Stock”) has been qualified by the U.S. Securities and Exchange Commission (“SEC”). The Company is seeking to raise up to $20 million through the offering of 800,000 shares of Series AA Preferred Stock, with an initial stated value of $25.00 per share.

The Series AA Preferred Stock will rank senior to the Company’s Class A and Class B common stock with respect to dividend rights and rights upon liquidation, dissolution, or winding up. Holders will be entitled to cumulative monthly dividends at an annual rate of 9.5% of the stated value ($0.198 per share per month), accruing regardless of board declaration. The Company is required to redeem all outstanding Series AA Preferred Stock on the third anniversary of issuance.

Interested investors can learn more on Caliber’s website.

DISCLAIMERS:

The offering will be made only by means of an offering statement. An offering statement on Form 1-A relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become qualified. The securities offered by the Company are highly speculative. Investing in shares of the Company involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue. Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found in the section of the offering statement entitled “Risk Factors.”

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, these or any other securities, nor shall there be any sale of the Company’s securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Caliber (CaliberCos Inc.)

With more than $2.9 billion of managed assets, including estimated costs to complete assets under development, Caliber’s 15-year track record of managing and developing real estate is built on a singular goal: make money in all market conditions. Our growth is fueled by our performance and our competitive advantage: we invest in projects, strategies, and geographies that global real estate institutions do not. Integral to our competitive advantage is our in-house shared services group, which offers Caliber greater control over our real estate and visibility to future investment opportunities. There are multiple ways to participate in Caliber’s success: invest in Nasdaq-listed CaliberCos Inc. and/or invest directly in our Private Funds.

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 factors may cause the Company’s actual results to differ materially from any forward-looking statement. The forward-looking events discussed in this communication may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about the Company. The Company is not obligated to publicly update or revise any forward-looking statement

Caliber:

Victoria Rotondo

+1 480-295-7600

Victoria.Rotondo@caliberco.com

Investor Relations:

Lisa Fortuna

Financial Profiles

+1 310-622-8251

LFortuna@finprofiles.com

Media Relations:

Kelly McAndrew

Financial Profiles

+1 310-622-8239

KMcandrew@finprofiles.com

Source: Caliber

FAQ

What is the dividend rate for Caliber's (CWD) Series AA Preferred Stock offering?

The Series AA Preferred Stock offers a 9.5% annual dividend rate, paid as $0.198 per share monthly, which accrues regardless of board declaration.

How much is Caliber (CWD) aiming to raise through its Series AA Preferred Stock offering?

Caliber is seeking to raise up to $20 million through the offering of 800,000 shares at $25.00 per share.

When will Caliber (CWD) redeem the Series AA Preferred Stock?

Caliber is required to redeem all outstanding Series AA Preferred Stock on the third anniversary of issuance.

What are the key risks of investing in Caliber's (CWD) Series AA Preferred Stock?

The investment is highly speculative, with risks including potential total investment loss and indefinite illiquidity due to no existing public market.
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