The SEC filing shows a proposed offering price of $6 per share, which would raise $13.8 million before expenses. However, the actual price hasn't yet been determined by Washington, DC-based Ferris Baker Watts Inc., which will underwrite the offer. The stock, which trades under the symbol AMV, recently has traded from about $5.75 to $6.20 a share.
Money raised from the offering could be used to purchase additional properties or to reduce short-term debt, according to the SEC document.
The company is the only real estate investment trust that focuses on owning office buildings that cater exclusively to small and medium-sized tenants. AMC currently owns 22 office buildings with a total of 717,00 sf. Its target tenant leases 2,500 sf to 3,000 sf.
Company officials declined comment, saying they were in a quiet period.
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