Business Context and Reporting Period
Company: Medalist Diversified REIT, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 13, 2019
Reporting Period: Event date of May 13, 2019
The filing reports the closing of a public offering of common stock. The company is incorporated in Maryland and trades on the Nasdaq Capital Market under the ticker symbol MDRR.
Key Financial Metrics
This filing does not provide specific financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses solely on the announcement of a capital raise event.
- Capital Raised Event: Closing of a public offering of 1,666,667 shares of common stock.
- Stock Class: Common Stock, $0.01 par value.
Material Changes
The primary material change reported is the increase in outstanding shares of common stock resulting from the closing of the public offering on May 13, 2019. No comparative financial data or prior period changes are included in this specific filing.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, specific risks, or contingencies related to the offering. It references a press release (Exhibit 99.1) for further details but does not contain the content of that release within the body of this text.
Investor Verification Checklist
- Verify the total proceeds generated from the sale of 1,666,667 shares by reviewing the attached press release (Exhibit 99.1).
- Confirm the offering price per share to calculate the total capital raised.
- Review the updated share count and potential dilution impact on existing shareholders.
- Check subsequent filings for the use of proceeds from this offering.