Indus Announces Launch of Public Offering of 1,750,000 Shares of Common Stock

NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (Nasdaq: INDT) (a??INDUSa?? or the a??Companya??) today announced that it has commenced an offering of 1,750,000 shares of common stock. The Company also plans to grant the underwriters a 30-day option to purchase up to 262,500 additional shares of common stock. INDUS intends to use the net proceeds from the offering to finance its development pipeline and acquisitions and for other corporate purposes.
Morgan Stanley and Citigroup are acting as co-lead joint book-running managers for the proposed offering. Baird is acting as bookrunner and BTIG, JMP Securities and J.P. Morgan are acting as co-managers for the proposed offering.The proposed offering is being made pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (a??SECa??). A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC and is available on the SECa??s website. The offering will be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by contacting Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Citigroup, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 800-831-9146 or by email at; or by visiting the EDGAR database on the SECa??s web site at press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Companya??s securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.Forward-Looking Statements:
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