# ACRES Commercial Realty Corp. (ACR-PD) — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_693a80e245759c411503 · retrieved 2026-08-16T21:26:43.107Z

## Overview
ACRES Commercial Realty Corp. is a Maryland-incorporated real estate investment trust (REIT) that invests in commercial real estate debt and related assets.

On August 10, 2026, ACRES Commercial Realty Corp. entered into a Securities Purchase Agreement with institutional investors to issue and sell 2,220,000 shares of 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock at $23.75 per share in a registered direct offering. The offering closed and settled on August 12, 2026, generating aggregate gross proceeds of approximately $52,750,000 before placement agent fees and offering expenses. The Shares are treated as fungible with 4,800,000 previously outstanding Series C Preferred Stock shares and have the same CUSIP and terms except for issue date and price.

## Terms
- Counterparty: Institutional investors · Deal value: $52.8M · Consideration: cash · Price/share: $23.75

## Key dates
- Announced 2026-08-12

## Timeline
- 2026-08-12 · 8-K (0001193125-26-346890): 8-K - ACRES Commercial Realty Corp. — *ACRES Commercial Realty Corp. is a Maryland-incorporated real estate investment trust (REIT) that invests in commercial real estate debt and related assets.* On August 10, 2026, ACRES Commercial Realty Corp. entered into a Securities Purchase Agreement with institutional investors to issue and sell 2,220,000 shares of 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock at $23.75 per share in a registered direct offering. The offering closed and settled on August 12, 2026, generating aggregate gross proceeds of approximately $52,750,000 before placement agent fees and offering expenses. The Shares are treated as fungible with 4,800,000 previously outstanding Series C Preferred Stock shares and have the same CUSIP and terms except for issue date and price.
  https://www.sec.gov/Archives/edgar/data/1332551/0001193125-26-346890.txt

## Citations
- 0001193125-26-346890 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526346890