Gladstone Land plans $30 million at-the-market sale of common stock

Agents Cantor and Ladenburg assist; deal finances corporate purposes

By Devika Patel

Knoxville, Tenn., Aug. 7 – Gladstone Land Corp. negotiated a $30 million at-the-market equity offering with agents Cantor Fitzgerald & Co. and Ladenburg Thalmann & Co. Inc. on Aug. 7, according to an 8-K and prospectus supplement filed Friday with the Securities and Exchange Commission.

The agents will be paid a 2% commission.

Proceeds will be used for general corporate purposes.

The real estate investment trust is based in McLean, Va.

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