Eqt Exeter Real Estate Income Trust Inc.
11/05/2024 | Press release | Distributed by Public on 11/05/2024 13:33
Private Placement Form 8 K
Item 3.02 Unregistered Sales of Equity Securities.
On October 10, 2024, EQT Exeter Real Estate Income Trust, Inc. (the "Company") issued 145.100 shares of Class E common stock at a price per share of $10.05 to two of the Company's independent directors, for an aggregate purchase price of $1,458.26. The shares issued to the independent directors pursuant to the Company's distribution reinvestment plan were issued in private transactions exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act").
On November 1, 2024, the Company issued 731,148.845 Class A-I shares of common stock at a price per share of $10.01 to accredited investors in a private placement for an aggregate purchase price of approximately $7.32 million. The offer and sale of the Class A-I shares is exempt from the registration provisions of the Securities Act, by virtue of Section 4(a)(2) thereof and Rule 506(c) of Regulation D promulgated thereunder. EQTE Brokerage LLC (the "Dealer Manager"), an affiliate of the Company's external advisor, serves as the dealer manager for the Company's private offering of Class A-I shares to accredited investors. Pursuant to the dealer manager agreement for the offering, no fees, commissions or other compensation (other than the customary reimbursement of expenses and indemnification) are payable to the Dealer Manager.
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