Attached files

file filename
EX-5.1 - OPINION OF VENABLE LLP REGARDING THE VALIDITY OF THE SECURITIES - Postal Realty Trust, Inc.ea133257ex5-1_postalreal.htm
EX-1.1 - UNDERWRITING AGREEMENT, DATED JANUARY 11, 2021, BY AND AMONG POSTAL REALTY TRUST - Postal Realty Trust, Inc.ea133257ex1-1_postalreal.htm

 

 

unITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of The

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): January 11, 2021

 

Postal Realty Trust, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Maryland

 

001-38903

 

83-2586114

(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

75 Columbia Avenue

Cedarhurst, NY 11516

(Address of Principal Executive Offices) (Zip Code)

 

(516) 295-7820

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 (see General Instruction A.2. below):

 

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share   PSTL   New York Stock Exchange

  

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 ☒

 

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 January 11, 2021, Postal Realty Trust, Inc. (the “Company”) and Postal Realty LP (the “Operating Partnership”) entered into an underwriting agreement (the “Underwriting Agreement”) with Jefferies LLC and Stifel, Nicolaus & Company, Incorporated, as representatives of the several underwriters named therein (the “Underwriters”), relating to the offer and sale of 3,250,000 shares of the Company’s Class A common stock, $0.01 par value per share (the “Common Shares”), at a public offering price of $15.25 per share (the “Offering”). Pursuant to the Underwriting Agreement, the Company granted the Underwriters a 30-day option to purchase up to an additional 487,500 Common Shares, bringing the total number of shares of Common Stock that may be issued in the Offering to 3,737,500 shares of Common Stock. On January 12, 2021, the Underwriters provided notice of their full exercise of the option to purchase an additional 487,500 Common Shares (the “Additional Shares”). The Offering, including the purchase of the Additional Shares, closed on January 14, 2021.

 

The Offering was conducted pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-251079). The Offering was made pursuant to the prospectus supplement, dated January 11, 2021, and the accompanying prospectus, effective December 11, 2020, filed with the Securities and Exchange Commission pursuant to Rule 424(b) of the Securities Act of 1933, as amended.

 

The foregoing summary of the terms of the Underwriting Agreement is only a brief description of certain terms therein and does not purport to be a complete description of the rights and obligations of the parties thereunder. The Underwriting Agreement is attached hereto as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference into this Item 1.01. A copy of the opinion of Venable LLP relating to the legality of the issuance and sale of the Common Shares sold in the Offering is attached hereto as Exhibit 5.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit
Number

 

Description

1.1   Underwriting Agreement, dated January 11, 2021, by and among Postal Realty Trust, Inc. and Postal Realty LP and Jefferies LLC and Stifel, Nicolaus & Company, Incorporated, as representatives of the several underwriters.
5.1   Opinion of Venable LLP regarding the validity of the securities.
23.1   Consent of Venable LLP (included in Exhibit 5.1).

  

1

 

 

SIGNATURES

 

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

  

  POSTAL REALTY TRUST, INC.
     
Date: January 14, 2021 By: /s/ Jeremy Garber    
  Name: Jeremy Garber
  Title: President, Treasurer and Secretary

 

 

2