8-K 1 cci8-kprefupdate012820.htm 8-K CCI PREFERRED OFFERING UPDATE 1.28.20 Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 22, 2020
 
____________________
 
Cottonwood Communities, Inc.
(Exact Name of Registrant as Specified in Its Charter)
  
____________________

Maryland
333-215272
61-1805524
(State or other jurisdiction of incorporation)
(Commission file number)
(IRS employer identification number)

6340 South 3000 East, Suite 500
Salt Lake City, Utah 84121
(Address of Principal Executive Offices)
(801) 278-0700
(Registrant’s Telephone Number, Including Area Code) 
____________________

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 communications 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))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
None
N/A
N/A
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). ý

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. ý





Item 3.02 Unregistered Sales of Equity Securities.

Preferred Offering

On November 8, 2019, Cottonwood Communities, Inc. (the "Company") launched a best-efforts private placement offering exempt from registration pursuant to Rule 506(b) of Regulation D of the Securities Act pursuant to which it is offering a maximum of $50,000,000 in shares of its Series 2019 Preferred Stock to accredited investors at a purchase price of $10.00 per share (the "Private Offering"). The exemption is available to the Company because the shares are being offered and sold solely to accredited investors without the use of general solicitation.

During the period from January 22, 2020 to January 27, 2020, the Company issued and sold 18,840 shares of its Series 2019 Preferred Stock in the Private Offering and received aggregate proceeds of approximately $188,400. In connection with the sale of these shares in the Private Offering, the Company paid aggregate selling commissions of $13,188 and placement fees of $3,580. As of January 27, 2020, there were 185,405 shares of the Company’s Series 2019 Preferred Stock outstanding.







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

 
COTTONWOOD COMMUNITIES, INC.
 
 
 
 
By:
/s/ Enzio Cassinis
 
Name:
Enzio Cassinis
 
Title:
Chief Executive Officer
 
Date:   January 28, 2020