Company: LANDO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001193125-25-059811
Chunk: 40

Company: GLADSTONE LAND Corp
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 40
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Redeemable Preferred Stock of the Company, par value $0.001 per share (the “Series E Preferred Stock”), on a “reasonable best efforts” basis (the “Series E Offering”). The Series E Preferred Stock is registered

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with the SEC under the 2023 Registration Statement, as the same may be amended and/or supplemented, and will be offered and sold pursuant to a prospectus supplement, dated April 13, 2023, and a base prospectus dated April 13, 2023 relating to the 2023 Registration Statement. Under the Series E Dealer-Manager Agreement, Gladstone Securities provides certain sales, promotional and marketing services to the Company in connection with the Series E Offering, and the Company pays Gladstone Securities (i) selling commissions of up to 7.0% of the gross proceeds from sales of Series E Preferred Stock in the Series E Offering (the “Series E Selling Commissions”), and (ii) a dealer-manager fee of 3.0% of the gross proceeds from sales of Series E Preferred Stock in the Series E Offering (the “Series E Dealer-Manager Fee”). Gladstone Securities may, in its sole discretion, remit all or a portion of the Series E Selling Commissions and may also reallow a portion of the Series E Dealer-Manager Fee to participating broker-dealers and wholesalers in support of the Series E Offering. The terms of the Series E Dealer-Manager Agreement were approved by the Company’s board of directors, including all of its independent directors. Pursuant to the Series E Dealer-Manager Agreement, the Company has agreed to indemnify Gladstone Securities and participating broker-dealers, and Gladstone Securities has agreed to indemnify the Company, against certain losses, claims, damages and liabilities, including but not limited to those arising out of (i) any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement or any post-effective amendment thereto or in the prospectus, (ii) the omission or alleged omission to state in the Registration Statement (including the prospectus as a part thereof) or any post-effective amendment thereto a material fact required to be stated therein or necessary to make the statements therein not misleading, or (iii) any untrue statement or alleged untrue statement of a material fact contained in the prospectus or the omission or alleged omission to state therein a material act required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading