Tanger ( (SKT) ) has issued an announcement.
Tanger Inc. has launched a new ‘at the market’ offering program, allowing the issuance and sale of its common shares up to $400 million, replacing a previous program. On February 24, 2025, Tanger terminated its existing ATM Equity Offering Sales Agreement from December 2023, having previously sold over 4.4 million shares and entered into forward sales agreements for nearly 1.9 million shares. The prior program, with $34.5 million in remaining shares, is now terminated except for outstanding forward sales provisions.
More about Tanger
YTD Price Performance: 5.80%
Average Trading Volume: 708,463
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.96B
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