American Strategic Investment Co. Announces Commencement of Rights Offering for Common Stock
American Strategic Investment Co. NYC ("NYC" or the "Company") announced today that it commenced an offering of shares of its Class A common stock, par value $0.01 per share (the "Common Stock") through a rights offering (the "Rights Offering").
The Company distributed to all holders of record of its Common Stock, as of 5:00 p.m., Eastern Time, on January 12, 2023 (the "Record Date"), for each share of the Common Stock held as of the Record Date, one non-transferable subscription right to purchase 0.20130805 of a share of Common Stock, at a subscription price of $12.95 per whole share, on such terms and subject to such conditions as may be required to comply with any applicable New York Stock Exchange ("NYSE") rules and regulations. The Company will not issue fractional shares of Common Stock. Any fractional shares of the Common Stock that would remain after the exercise of the subscription rights will be rounded down to the nearest whole share, and any excess payments in respect thereof will be returned.
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