IPO - Cottonwood Communities, Inc.

Form Type: 8-K

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: New

Accession Number: 000169295125000068

Filing Summary: On February 6, 2025, Cottonwood Communities, Inc. reported its current status on its two ongoing private placement offerings of preferred stock. The company is conducting a Series A Convertible Private Offering, initiated on September 19, 2023, and a Series 2025 Private Offering, started on December 9, 2024, both exempt from registration under Rule 506(b) of Regulation D. During the period from January 30, 2025, to February 5, 2025, 176,599 shares of Series A Convertible Preferred Stock were sold, generating proceeds of $1,738,000, with total selling commissions and placement fees amounting to $130,283. As of February 5, 2025, there are 6,481,306 shares outstanding from this series. Additionally, the firm sold 100,500 shares of Series 2025 Preferred Stock within the same period, realizing $1,005,000 in proceeds and incurring $89,948 in selling commissions and fees. Presently, there are 135,500 shares of Series 2025 outstanding.

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Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Ipo

Type: New

Accession Number: 000169295125000002

Filing Summary: On September 19, 2023, Cottonwood Communities, Inc. launched a best-efforts private placement offering, exempt from registration under Rule 506(b) of Regulation D, to raise a maximum of $150,000,000 by offering its Series A Convertible Preferred Stock to accredited investors at a price of $10.00 per share. Between December 27, 2024, and January 5, 2025, the company sold 190,535 shares and raised $1,840,000. They incurred selling commissions of $50,100 and placement fees of $54,150. As of January 5, 2025, there were 5,931,262 shares of Series A Convertible Preferred Stock outstanding.

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