Sunrise Realty Trust Commences Stock Offering to Expand Financing

Sunrise Realty Trust Launches New Stock Offering

Sunrise Realty Trust, Inc. is excited to announce the commencement of its public offering aimed at raising capital to support its lending operations in the commercial real estate sector. As an established institutional lender, the Company, listed on Nasdaq under the ticker symbol SUNS, plays a vital role in providing financial support for various real estate projects primarily in the Southern United States.

Details of the Offering

The offering consists of 5,500,000 shares of common stock, and there is an option for underwriters to purchase up to an additional 825,000 shares. This strategic move is in line with the Company’s growth plans and efforts to strengthen its loan funding capabilities.

Utilization of Proceeds

The proceeds from this offering will be instrumental in funding loans associated with existing commitments, as well as enabling Sunrise Realty to originate new loans that align with its investment strategy. Additionally, the funds will also support general corporate needs, including the repayment of debt, further contributing to the Company’s financial health.

Underwriters for the Offering

Sunrise Realty has appointed notable financial institutions to act as underwriters for this offering. The team includes Raymond James & Associates, Inc., Keefe, Bruyette & Woods, Inc., BTIG, LLC, and Oppenheimer & Co. Inc., all of whom bring a wealth of expertise in managing public offerings and navigating the capital markets.

Registration Statement Status

A registration statement pertaining to these securities has been filed with the Securities and Exchange Commission (SEC) and is pending effectiveness. It’s important to note that the offering will only occur upon the registration statement becoming effective, ensuring compliance with all regulatory requirements.

Understanding the Offering Process

For interested investors and stakeholders, the offering will be outlined further in a prospectus, which will provide detailed information on terms and conditions. This ensures that all parties are well-informed about the potential investment.

A Glimpse into Sunrise Realty Trust, Inc.

Sunrise Realty Trust, Inc. specializes in providing flexible financing solutions for commercial real estate across the Southern United States. The Company strategically targets transitional real estate opportunities, focusing on generating immediate value through top-tier collateral. This focus on quality assets in high-growth markets positions Sunrise Realty as a key player in the commercial lending space.

What Lies Ahead for Sunrise Realty Trust

As the Company moves forward with its stock offering, it is poised to enhance its financing capabilities, which will ultimately benefit its borrowers and stakeholders. With a commitment to strategic growth and a strong foothold in the commercial real estate market, Sunrise Realty Trust aims to continue its upward trajectory.

Investor and Media Contacts

For more information regarding this announcement, investors can reach out to Robyn Tannenbaum at 561-510-2293 or via email. Media inquiries should be directed to Profile Advisors, Rich Myers or Rachel Goun at 347-774-1125.

Frequently Asked Questions

What is the purpose of the stock offering?

The stock offering is designed to raise capital to fund loans for existing commitments and to support the Company’s general corporate purposes.

How many shares are being offered?

The Company is offering 5,500,000 shares of common stock, with a provision for underwriters to purchase an additional 825,000 shares.

Who are the underwriters for this offering?

Raymond James & Associates, Keefe, Bruyette & Woods, BTIG, and Oppenheimer & Co. are acting as underwriters for the offering.

When will the offering take place?

The offering will occur after the registration statement becomes effective, which is pending with the SEC.

What sectors does Sunrise Realty focus on?

Sunrise Realty primarily focuses on transitional commercial real estate projects in the Southern United States.

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