Company: CLPR
Filing Date: 2025-01-23
Form Type: S-3
Source: 0001437749-25-001690
Chunk: 14

Company: Clipper Realty Inc.
Filing Date: 2025-01-23
Form: S-3
Chunk 14
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 of stock, that we are authorized to issue. These actions can be taken without stockholder approval, unless stockholder approval is required by applicable law, the terms of any other class or series of our stock (including any class or series of preferred stock that we may in the future classify and issue) or the rules of any stock exchange or automated quotation system on which our securities may be listed or traded.

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is American Stock Transfer & Trust Company, LLC. The transfer agent’s address is 6201 15 Avenue, Brooklyn, New York 11219.

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Market Listing

Our common stock is listed on the NYSE under the symbol “CLPR”.

Description of Preferred Stock

General

Our charter provides that the board of directors has the authority, without action by our stockholders, to classify any unissued shares of preferred stock and to reclassify any previously classified but unissued shares of preferred stock into one or more classes or series of stock. Prior to issuance of shares of each new class or series, the board of directors is required by the Maryland General Corporation Law (“MGCL”) and the charter to set, subject to the rights of holders of any class or series of the Company’s stock and the provisions of the Company’s charter regarding the restrictions on ownership and transfer of the Company’s stock, the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms or conditions of redemption of each such class or series. As a result, the board of directors could authorize the issuance of shares of preferred stock that have priority over shares of the Company’s common stock with respect to dividends, distributions, rights upon liquidation or voting rights, or with other terms or conditions that could have the effect of delaying, deferring or preventing a change in control that might otherwise be favorable to our common stockholders.

The preferences and other terms of each class or series of preferred stock will be set forth in the articles supplementary relating to such class or series. A prospectus supplement relating to any class or series of preferred stock being offered to the public will include specific terms relating to the class or series of preferred stock and the offering. They will include, where applicable:

| ● | the designation and par value of the preferred stock; |

| ● | the number of shares of such class or series of preferred stock authorized and offered, the liquidation preference per share and the offering price of such class or