MacKenzie Realty prices 2.83M shares at $1.71 in registered direct offering

MacKenzie Realty (MKZR) Capital has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 2,826,299 shares of common stock in a registered direct offering. In a concurrent private placement, the Company also agreed to issue unregistered Series A common warrants to purchase up to an aggregate of 1,413,149 shares of common Stock, and unregistered Series B common warrants to purchase up to an aggregate of 2,826,299 shares of common Stock. The combined effective offering price for each share of common stoc and accompanying warrants is $1.71. The Series A common warrants and Series B common warrants will each have an exercise price of $1.71 per share, will each be exercisable 6 months from the date of issuance, and, in the case of Series A common warrants, will expire 18 months from the date of issuance, and in the case of Series B warrants, will expire five years from the date of issuance. The offering is expected to close on or about March 3, 2025, subject to satisfaction of customary closing conditions. Maxim Group is acting as the sole placement agent for the offering.