Highwoods Properties Inc. has entered into equity distribution agreements with multiple financial institutions, including Jefferies LLC, allowing for the issuance and sale of up to $300 million in common stock. As part of these agreements, the company may sell warrants to purchase shares of its common stock to Jefferies LLC. Upon exercise of these warrants, Highwoods Properties will deliver shares to the warrant purchaser and receive net cash proceeds based on a mutually agreed settlement price not exceeding 1.5% below the strike price. The company will not receive proceeds from the sale of borrowed shares by the warrant hedge seller but will initially receive a premium for the warrants sold.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highwoods Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000921082-26-000017), on February 11, 2026, and is solely responsible for the information contained therein.
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