What changed
Highlands REIT accepted 135,380,970.82434 shares at $0.20 per share in its self-tender offer, which expired September 29, 2026. The offer was oversubscribed, prompting the company to increase the accepted amount from 125,000,000 shares by 10,380,970.82434 shares under its 2% allowance. The purchased shares represent approximately 18.7% of common stock outstanding as of the offer's September 1, 2026 commencement, at an aggregate cost of approximately $27.1 million.
Why it matters
Highlands REIT accepted 135,380,970.82434 shares at $0.20 per share in its self-tender offer, which expired September 29, 2026. The offer was oversubscribed, prompting the company to increase the acce