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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 10, 2024
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EQT Exeter Real Estate Income Trust, Inc.
(Exact name of registrant as specified in its charter)
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Maryland (State or other jurisdiction of incorporation or organization) | 333-273163 (Commission File Number) | 88-4108741 (I.R.S. Employer Identification Number) |
Five Radnor Corporate Center 100 Matsonford Road, Suite 250 Radnor, PA 19087 |
(Address of principal executive offices and zip code) |
Registrant's telephone number, including area code: (610) 828-3200 |
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| Not Applicable | |
(Former name or former address, if changed since last report) |
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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:
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☐ | 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)) |
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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 | None | None |
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).
Emerging growth company ☒
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. ☒
Item 3.02 Unregistered Sales of Equity Securities
On September 10, 2024, EQT Exeter Real Estate Income Trust, Inc. (the “Company”) issued 73.2795 shares of Class E common stock at a price per share of $10.09 to two of the Company’s independent directors, for an aggregate purchase price of $739.39. The shares issued to the independent directors pursuant to the Company’s distribution reinvestment plan were issued in private transactions exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”).
Pursuant to the subscription agreement entered into on March 19, 2024, between the Company and EQT Exeter Holdings US, Inc. (“EQT Exeter Holdings”), an affiliate of the Company’s sponsor, as previously disclosed on the Company’s Current Report on Form 8-K filed on March 25, 2024, EQT Exeter Holdings purchased 3,964,321.1100 Class E units from EQT Exeter REIT Operating Partnership, LP (the “Operating Partnership”) at a price per unit of $10.09, for an aggregate purchase price of $40,000,000.00, on September 10, 2024. The offer and sale of Class E units to EQT Exeter Holdings is exempt from registration under Section 4(a)(2) of the Securities Act in light of EQT Exeter Holdings’ status as an institutional accredited investor and its access to information concerning the Company’s and the Operating Partnership’s operations and the terms and conditions of their investments.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: | September 16, 2024 | | EQT Exeter Real Estate Income Trust, Inc. |
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| | | By: | /s/ J. Peter Lloyd |
| | | Name: | J. Peter Lloyd |
| | | Title: | Chief Financial Officer and Director (Principal Financial Officer) |