UC Asset Announces Plan of Secondary Public Offering via Reg A
UC Asset LP (OTCQB: UCASU) has announced plans for a secondary public offering (SPO) through Reg A Tier II registration, aiming to raise up to $10 million by issuing preferred shares. The company intends to use the majority of funds to expand its cannabis property portfolio, where it currently holds $1.6 million in equity generating a 14.4% cash return.
The preferred shares will carry an 8% preferred dividend per annum, significantly higher than the average REIT dividend yield of 3.94%. While these preferred shares won't be publicly traded initially, they can be converted into common shares after a 6-month holding period. The company is in talks with leading Reg A platforms, likely to partner with one of the top 4 platforms by capital raised in 2024.
UC Asset LP (OTCQB: UCASU) ha annunciato piani per un'offerta pubblica secondaria (SPO) tramite registrazione Reg A Tier II, con l'obiettivo di raccogliere fino a 10 milioni di dollari emettendo azioni privilegiati. L'azienda intende utilizzare la maggior parte dei fondi per espandere il suo portafoglio di proprietà legate alla cannabis, dove attualmente detiene 1,6 milioni di dollari in capitale, generando un 14,4% di ritorno in contante.
Le azioni privilegiate porteranno un dividendo preferenziale dell'8% all'anno, significativamente più alto rispetto al rendimento medio dei dividendi REIT del 3,94%. Anche se queste azioni privilegiate non saranno negoziate pubblicamente inizialmente, potranno essere convertite in azioni ordinarie dopo un periodo di detenzione di 6 mesi. L'azienda è in trattative con le principali piattaforme Reg A, probabilmente per collaborare con una delle prime 4 piattaforme per capitale raccolto nel 2024.
UC Asset LP (OTCQB: UCASU) ha anunciado planes para una oferta pública secundaria (SPO) a través del registro Reg A Tier II, con el objetivo de recaudar hasta 10 millones de dólares mediante la emisión de acciones preferentes. La empresa tiene la intención de usar la mayor parte de los fondos para expandir su cartera de propiedades de cannabis, donde actualmente sostiene 1.6 millones de dólares en capital, generando un 14.4% de retorno en efectivo.
Las acciones preferentes llevarán un dividendo preferente del 8% anual, significativamente más alto que el rendimiento promedio de dividendos de los REIT del 3.94%. Aunque estas acciones preferentes no se negociarán públicamente al principio, podrán convertirse en acciones ordinarias después de un período de tenencia de 6 meses. La empresa está en conversaciones con plataformas líderes de Reg A, probablemente para asociarse con una de las 4 mejores plataformas por capital recaudado en 2024.
UC Asset LP (OTCQB: UCASU)는 Reg A Tier II 등록을 통해 최대 1000만 달러를 모금하기 위해 보통주를 발행하는 2차 공모(Secondary Public Offering, SPO) 계획을 발표했습니다. 이 회사는 현재 160만 달러의 자본을 보유하고 있으며 14.4%의 현금 수익을 올리고 있는 대마초 자산 포트폴리오를 확장하기 위해 자금의 대부분을 사용할 계획입니다.
이 우선주는 연 8%의 우선 배당금을 지급하게 되며, 이는 평균 REIT 배당 수익률인 3.94%보다 상당히 높습니다. 이러한 우선주는 처음에 공개적으로 거래되지 않지만, 6개월의 보유 기간 후에는 보통주로 전환될 수 있습니다. 이 회사는 주요 Reg A 플랫폼과 협의 중이며, 2024년에 자본을 모금한 상위 4개 플랫폼 중 하나와 파트너십을 맺을 가능성이 높습니다.
UC Asset LP (OTCQB: UCASU) a annoncé des plans pour une offre publique secondaire (SPO) via l'enregistrement Reg A Tier II, visant à lever jusqu'à 10 millions de dollars par l'émission d'actions privilégiées. L'entreprise prévoit d'utiliser la majorité des fonds pour élargir son portefeuille immobilier lié au cannabis, où elle détient actuellement 1,6 million de dollars en capital générant un 14,4% de retour en espèces.
Les actions privilégiées offriront un dividende privilégié de 8% par an, ce qui est nettement supérieur au rendement moyen des dividendes REIT de 3,94%. Bien que ces actions privilégiées ne soient pas négociées publiquement au départ, elles pourront être converties en actions ordinaires après une période de détention de 6 mois. L'entreprise est en pourparlers avec les principales plateformes Reg A, et il est probable qu'elle s'associe avec l'une des 4 meilleures plateformes en termes de capital levé en 2024.
UC Asset LP (OTCQB: UCASU) hat Pläne für eine sekundäre öffentliche Angebot (SPO) über die Registrierung Reg A Tier II angekündigt, mit dem Ziel, bis zu 10 Millionen US-Dollar durch die Ausgabe von Vorzugsaktien zu sammeln. Das Unternehmen beabsichtigt, den Großteil der Mittel zur Erweiterung seines Portfolios an Cannabisimmobilien zu verwenden, in dem es derzeit 1,6 Millionen US-Dollar an Eigenkapital hält und eine 14,4% Cash-Rendite erzielt.
Die Vorzugsaktien werden eine 8%ige Vorzugsdividende pro Jahr tragen, die deutlich höher ist als die durchschnittliche REIT-Dividendenrendite von 3,94%. Obwohl diese Vorzugsaktien zunächst nicht öffentlich gehandelt werden, können sie nach einer Haltedauer von 6 Monaten in Stammaktien umgewandelt werden. Das Unternehmen führt Gespräche mit führenden Reg A-Plattformen und wird wahrscheinlich eine Partnerschaft mit einer der 4 größten Plattformen nach dem eingesammelten Kapital im Jahr 2024 eingehen.
- Current cannabis property portfolio generates 14.4% cash return
- Proposed 8% preferred dividend rate exceeds average REIT yield of 3.94%
- Preferred shares convertible to common shares after 6 months
- Existing $1.6 million equity in cannabis property demonstrates track record
- Preferred shares will not be initially publicly traded
- No definitive agreements with Reg A platforms yet
- Potential shareholder dilution upon preferred share conversion
Investing in Cannabis Property
The majority of the capital raised will be used to expand its portfolio of cannabis property. Currently, the company holds
Back in 2022, the company announced its intention to raise up to
"We understand that, back then, we did not have a history of successfully managing a portfolio of cannabis property," elaborates Dr. Larry Wu, founder of UC Asset. "Now that we have a proven track record, and especially that we believe we have outperformed our peer asset managers on the public market, it is time to re-launch our SPO."
Dr. Wu also emphasizes that it is a better time to invest in cannabis properties than two years ago, as the price of cannabis properties has likely hit its historical low, and the whole cannabis industry is likely ready for another wave of fast growth.
Issuing Preferred Shares with
If launched, Wu expects that the company will issue preferred shares which will carry a preferred dividend of
"According to a recent survey from S&P Global Market Intelligence, as of December 11, 2024, publicly traded
The disadvantage is that UC Asset's preferred shares will not be publicly traded. However, Wu asserts that preferred shares will be eligible to be converted into common shares after a holding period of 6 months. And UC Asset's common shares are currently traded on OTCQB.
Working with Leading Reg A Platform
Wu confirms that the company has reached out to several popular platforms, and will likely work with one of the Reg A platforms that ranked top 4, in terms of total capital raised in the year 2024.
Wu cautions that the company has not entered into definitive agreements with any of the top 4 Reg A platforms, and may end up using other approaches, such as working with a conventional investment bank.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies. For more information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
For More Information Contact: IR@UCasset.com, +1 470-475-1035
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SOURCE UC Asset LP
FAQ
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