Welltower (WELL) has released an update.
Welltower Inc. has entered into a significant equity distribution deal, allowing the sale of up to $3.5 billion of its common stock through various sales agents and forward sellers. This new agreement replaces a previous one and offers flexibility in how the shares are sold, including the possibility of forward sale agreements, which can be settled in cash, shares, or not at all, depending on the company’s choice. Transactions can occur on the NYSE or through other market makers, with the arrangement fully registered and detailed in the company’s latest financial filings.
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