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Gladstone Commercial Corp. – ‘8-K’ for 3/26/24

On:  Tuesday, 3/26/24, at 4:20pm ET   ·   For:  3/26/24   ·   Accession #:  1193125-24-77620   ·   File #:  1-33097

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/26/24  Gladstone Commercial Corp.        8-K:1,9     3/26/24   14:298K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     32K 
 2: EX-1.1      Underwriting Agreement or Conflict Minerals Report  HTML     26K 
 3: EX-5.1      Opinion of Counsel re: Legality                     HTML     17K 
 4: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     17K 
 9: R1          Document and Entity Information                     HTML     55K 
11: XML         IDEA XML File -- Filing Summary                      XML     13K 
14: XML         XBRL Instance -- d654525d8k_htm                      XML     23K 
10: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 6: EX-101.DEF  XBRL Definitions -- good-20240326_def                XML     43K 
 7: EX-101.LAB  XBRL Labels -- good-20240326_lab                     XML     71K 
 8: EX-101.PRE  XBRL Presentations -- good-20240326_pre              XML     44K 
 5: EX-101.SCH  XBRL Schema -- good-20240326                         XSD     16K 
12: JSON        XBRL Instance as JSON Data -- MetaLinks               14±    23K 
13: ZIP         XBRL Zipped Folder -- 0001193125-24-077620-xbrl      Zip     34K 


‘8-K’   —   Current Report


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 iX: 
  8-K  
 i GLADSTONE COMMERCIAL CORP  i false  i 0001234006 0001234006 2024-03-26 2024-03-26 0001234006 us-gaap:CommonStockMember 2024-03-26 2024-03-26 0001234006 good:A6.625SeriesECumulativeRedeemablePreferredStockMember 2024-03-26 2024-03-26 0001234006 good:A7.00SeriesDCumulativeRedeemablePreferredStockMember 2024-03-26 2024-03-26

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM  i 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of earliest event reported:  i March 26, 2024

 

 

Gladstone Commercial Corporation

(Exact Name of Registrant as Specified in Charter)

 

 

 

 i Maryland    i 001-33097    i 02-0681276

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 i 1521 Westbranch Drive,  i Suite 100,  i McLean,  i Virginia  i 22102

(Address of Principal Executive Offices) (Zip Code)

 i (703)  i 287-5800

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 i 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 i 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 i 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 i 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

 

Trading

Symbol(s)

 

Name of Each Exchange

On Which Registered

 i Common Stock, par value $0.001 per share    i GOOD    i The Nasdaq Stock Market LLC
 i 6.625% Series E Cumulative Redeemable Preferred Stock, par value $0.001 per share    i GOODN    i The Nasdaq Stock Market LLC
 i 6.00% Series G Cumulative Redeemable Preferred Stock, par value $0.001 per share    i GOODO    i The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  i 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 1.01

Entry into a Material Definitive Agreement

On March 26, 2024, Gladstone Commercial Corporation, a Maryland corporation (the “Company”), and its operating partnership, Gladstone Commercial Limited Partnership, a majority-owned, consolidated subsidiary of the Company and a Delaware limited partnership, entered into Amendment No. 1 to the At-the-Market Equity Offering Sales Agreement (the “Amendment”), dated March 3, 2023, with BofA Securities, Inc., Goldman Sachs & Co. LLC, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc. and Fifth Third Securities, Inc. (each, a “Sales Agent” and collectively, the “Sales Agents”), pursuant to which the Company may sell shares of its common stock, par value $0.001 per share (the “Shares”), from time to time through the Sales Agents, each acting as sales agent and/or principal. Among other things, the Amendment gives effect to the Company’s filing of a new registration statement on Form S-3 (File No. 333-277877) (the “New Registration Statement”), which became effective on March 21, 2024.

The Shares will be issued pursuant to the New Registration Statement. The Company has filed a prospectus supplement, dated March 26, 2024, to the prospectus, dated March 21, 2024, with the U.S. Securities and Exchange Commission in connection with the offer and sale of an aggregate offering amount of $250.0 million of Shares.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 1.1 and incorporated herein by reference.

In connection with the filing of the Amendment, the Company is also filing (i) the opinion of Venable LLP regarding the legality of shares as Exhibit 5.1 and (ii) the opinion of Squire Patton Boggs (US) LLP regarding certain tax matters as Exhibit 8.1 to this Current Report on Form 8-K.

 

Item 9.01

Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

 

Exhibit No.

  

Description

1.1    Amendment No. 1 to the At-the-Market Equity Offering Sales Agreement, dated March 26, 2024, by and among Gladstone Commercial Corporation, Gladstone Commercial Limited Partnership, BofA Securities, Inc., Goldman Sachs & Co. LLC, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc. and Fifth Third Securities, Inc.
5.1    Opinion of Venable LLP regarding the legality of shares.
8.1    Opinion of Squire Patton Boggs (US) LLP regarding certain tax matters.
23.1    Consent of Venable LLP (included in Exhibit 5.1).
23.2    Consent of Squire Patton Boggs (US) LLP (included in Exhibit 8.1).
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Gladstone Commercial Corporation

(Registrant)

By:  

/s/ Gary Gerson

  (Gary Gerson, Chief Financial Officer)

Dated: March 26, 2024


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:3/26/24424B5
3/21/24EFFECT
3/3/23424B5,  8-K
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