Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sonida Senior Living, Inc. (SNDA) just unveiled an update.
Sonida Senior Living, Inc. has struck a deal with a group of underwriters to offer and sell 4.3 million shares, with an option for an additional 645,000 shares, raising approximately $110.4 million net proceeds. The price per share for the public is set at $27.00. These funds are earmarked primarily for the acquisition of eight senior living communities, with any remaining funds allocated for general corporate purposes. The offering, accompanied by a prospectus supplement, is part of a registered public offering under the Securities Act, highlighting the company’s ongoing financial strategies and commitments.
Learn more about SNDA stock on TipRanks’ Stock Analysis page.