New insider activity at SmartStop Self Storage REIT, Inc. ( (SMA) ) has taken place on April 4, 2025.
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In a series of significant transactions, key executives of SmartStop Self Storage REIT, Inc. have collectively purchased a substantial amount of stock. Director Harold Perry and President and CIO Wayne Johnson each acquired 3,000 shares, with their purchases valued at $90,000 each. Meanwhile, Chief Operations Officer Joseph H Robinson added 500 shares to his portfolio, worth $15,000, and General Counsel and Secretary Nicholas Look bought 1,000 shares for $30,000. These strategic acquisitions underscore the executives’ confidence in the company’s future prospects.
Recent Updates on SMA stock
SmartStop Self Storage REIT, Inc. recently completed a public offering of 31,050,000 shares of common stock, raising approximately $874.4 million. The proceeds were used to redeem preferred stock, reduce debt, and fund property acquisitions, enhancing the company’s financial position and growth potential. These strategic moves are expected to provide liquidity to existing stockholders and improve access to capital markets. The shares began trading on the NYSE under the ticker symbol ‘SMA’. Additionally, the company implemented changes to its executive severance plan, amended its bylaws, and adjusted director compensation, reflecting its transition to a publicly traded entity.
More about SmartStop Self Storage REIT, Inc.