Business Context and Reporting Period
Company: Gladstone Commercial Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: November 1, 2010
Reporting Period: The filing reports on events occurring on September 9, 2010, and September 27, 2010, regarding the registration of securities.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on corporate governance and securities registration events.
Material Changes
- Shelf Registration Replacement: On September 9, 2010, the Company filed a new universal shelf registration statement on Form S-3 (File No. 333-169290) to replace an existing statement (File No. 333-147856) that was set to expire on December 19, 2010.
- SEC Effectiveness: The Securities and Exchange Commission declared the new Universal Shelf effective on September 27, 2010.
- Prospectus Supplement: A new prospectus supplement dated November 1, 2010, was filed to facilitate the offer and sale of remaining shares under an existing Open Market Sales Agreement with Jefferies & Company, Inc.
- Shares Available: The supplement relates to the sale of approximately $23,978,306 in remaining shares of common stock (par value $0.001 per share).
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on future performance, or specific risk factors. It references a previously filed Form 8-K from November 4, 2009, for further details regarding the Open Market Sales Agreement.
Investor Verification Checklist
- Verify the status of the Open Market Sales Agreement with Jefferies & Company, Inc. referenced in the November 1, 2010 prospectus supplement.
- Confirm the exact number of shares represented by the $23,978,306 remaining value based on the current market price.
- Review the previously filed Form 8-K (November 4, 2009) for the original terms of the Open Market Sales Agreement.
- Check subsequent filings to determine if shares were actually sold under the new Universal Shelf.