Sunrise Realty Trust dips on stock offering plan

Sunrise Realty Trust

21/01/2025 15:06

** Commercial real estate lender Sunrise Realty Trust's
 SUNS.O  shares fall 1.3% to $13.95 in early trading
    ** SUNS, which offers loans to projects in southern United
States, launches public offering of 5.5 mln shares; price
undisclosed    
    ** Raymond James, Keefe, Bruyette & Woods, BTIG and
Oppenheimer are the joint book-running managers for the offering
    ** SUNS has 6.9 mln outstanding shares and $97.9 mln market
capitalization, according to data compiled by LSEG
    ** Proceeds from the offering will be used to fund loans and
for other purposes, including the repayment of debt, the company
said        

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))