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Ares Commercial (ACRE) has shared an announcement.
Ares Commercial Real Estate Corporation successfully conducted its 2024 Annual Meeting, where stockholders greenlit an expansion of the company’s Equity Incentive Plan. This approval means an additional 2,525,000 shares are now available for issuance, signaling an opportunity for growth and added incentives for stakeholders. The key details of this change are thoroughly outlined in the company’s recent SEC filing, offering transparency and insight into the strategic move.
Find detailed analytics on ACRE stock on TipRanks’ Stock Analysis page.