Sonida Senior Living’s Strategic Share Offering and Acquisition Plan

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.

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