- CaliberCos Inc. (CWD, Financial) announces the pricing of its public offering at $0.375 per unit, aiming to raise approximately $900,000.
- Proceeds from the offering will be used for debt repayment, working capital, and general corporate purposes.
- The offering is expected to close on or about April 21, 2025.
CaliberCos Inc. (CWD), a real estate investor and asset manager, has announced the pricing of its public offering consisting of 2,400,000 units priced at $0.375 per unit. The company aims to secure approximately $900,000 in gross proceeds, excluding underwriting discounts and expenses.
Each unit offered includes one share of Class A common stock and a right to acquire one-fifth of an additional share of Class A common stock. The transaction is scheduled to close around April 21, 2025, pending customary closing conditions.
The net proceeds from the offering will be directed toward debt repayment, working capital, and general corporate purposes. Craft Capital Management, LLC serves as the sole book-running manager and underwriter for this offering.
This offering is being conducted under Caliber's previously filed and SEC-approved Registration Statement on Form S-3. Interested parties can access the related documents for free on the SEC’s website.
