GLOBAL SELF STORAGE, INC. (NASDAQ:SELF) Files An 8-K Other Events

GLOBAL SELF STORAGE, INC. (NASDAQ:SELF) Files An 8-K Other Events
Item 8.01 Other Events.

On November 18, 2019, Global Self Storage, Inc. (the “Company”) announced it will commence the previously announced rights offering (the “rights offering”) to eligible stockholders of the Company for the purchase of up to approximately $11.6 million of newly issued shares of the Company’s common stock, par value $0.01 per share (“common stock”).
to the rights offering, each stockholder of the Company will receive one non-transferable subscription right (“right”) for each share of common stock held as of 5:00 p.m., Eastern Time, on November 18, 2019 (the “record date”). Every 2.7792382542 rights entitle the holder to purchase one share of common stock, at the subscription price of $4.18 per whole share of common stock (the “basic subscription right”). Rights holders who fully exercise their basic subscription rights will be entitled to subscribe for additional shares of common stock that remain unsubscribed as a result of any unexercised basic subscription rights. The rights offering expires at 5:00 p.m., Eastern Time, on December 13, 2019, unless extended or earlier terminated by the Company.
The rights offering is being made to the Company’s Registration Statement on Form S-3 (File No. 333-227879) (the \”Registration Statement\”) that was previously filed with the Securities and Exchange Commission (the “SEC”) and became effective on December 7, 2018. The rights offering will be made only by means of the prospectus supplement (the “prospectus supplement”) and the accompanying prospectus, which will be filed with the SEC and copies of which will be mailed to all eligible record date stockholders and can be accessed through the SEC’s website at www.sec.gov. A copy of the prospectus supplement and the accompanying prospectus may also be obtained from the information agent, Georgeson LLC, toll free at (800) 213-0473, or by mail at 1290 Avenue of the Americas, 9th Floor, New York, NY 10104. Additional information regarding the rights offering will be set forth in the prospectus supplement and the accompanying prospectus filed with the SEC.
On November 18, 2019, the Company issued a press release in connection with the rights offering. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Also, in connection with the rights offering, the Company is filing certain ancillary documents as Exhibits 4.1 and 99.2 to this Current Report on Form 8-K and which are incorporated herein by reference. The foregoing descriptions of Exhibits 4.1, 99.1, and 99.2 do not purport to be complete and each are qualified in their entirety by reference to the full text of such exhibits.
This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such state or jurisdiction.
The Company believes that certain statements herein and in the exhibits hereto may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from those expressed or implied. Information concerning factors that could cause actual results to differ materially from those in forward-looking statements is contained from time to time in the Company’s filings with the SEC.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
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Global Self Storage, Inc. Exhibit
EX-4.1 2 subscriptionrightscert….
To view the full exhibit click here

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About GLOBAL SELF STORAGE, INC. (NASDAQ:SELF)

Global Self Storage, Inc., formerly Self Storage Group, Inc., is a self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation, acquisition, development and redevelopment of self-storage facilities. Its self-storage facilities are designed to offer storage space for residential and commercial customers. It owns and operates approximately eight self-storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina and Ohio. Its facilities include approximately 485,580 net rentable square feet and over 3,810 storage units. Its facilities feature both covered and outside auto/recreational vehicle (RV)/boat storage. Its facilities feature a rental and payment center. It owns and operates self-storage properties through its subsidiaries, including SSG Bolingbrook LLC, SSG Dolton LLC, SSG Merrillville LLC, SSG Rochester LLC, SSG Sadsbury LLC, SSG Summerville I LLC, SSG Summerville II LLC and SSG Operations LLC.

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