Company: CLPR
Filing Date: 2025-01-23
Form Type: S-3
Source: 0001437749-25-001690
Chunk: 99

Company: Clipper Realty Inc.
Filing Date: 2025-01-23
Form: S-3
Chunk 99
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 various states and localities, including those in which we or a securityholder transacts business, owns property or resides. The state and local tax treatment may differ from the U.S. federal income tax treatment described above. Consequently, prospective securityholders should consult their tax advisors regarding the effect of state and local tax laws upon an investment in our securities.

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DILUTION</div>

If required, we will set forth in a prospectus supplement the following information regarding any material dilution of the equity interests of investors purchasing securities in an offering under this prospectus:

| ● | the net tangible book value per share of our equity securities before and after the offering; |

| ● | the amount of the increase in such net tangible book value per share attributable to the cash payments made by purchasers in the offering; and |

| ● | the amount of the immediate dilution from the public offering price which will be absorbed by such purchasers. |

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PLAN OF DISTRIBUTION</div>

We may sell the securities being offered hereby in one or more of the following ways from time to time:

| ● | through agents to the public or to investors; |

| ● | to underwriters or dealers for resale to the public or to investors; |

| ● | directly to agents; |

| ● | in “at-the-market” offerings, within the meaning of Rule 415 under the Securities Act to or through a market maker or into an existing trading market on an exchange or otherwise; |

| ● | directly to investors; |

| ● | through a combination of any of these methods of sale; or |

| ● | in any manner, as provided in the accompanying prospectus supplement. |

We may also effect a distribution of the securities offered hereby through the issuance of derivative securities, including without limitation, warrants, forward delivery contracts and the writing of options. In addition, the manner in which we may sell some or all of the securities covered by this prospectus includes, without limitation, through:

| ● | a block trade in which a broker-dealer will attempt to sell as agent, but may position or resell a portion of the block, as principal, in order to facilitate the transaction; |

| ● | purchases by a broker-dealer, as principal, and resale by the broker-dealer for its account; |

| ● | ordinary brokerage transactions and transactions in which a broker solicits purchasers; or |

| ● | privately negotiated transactions. |

Subject to maintaining our qualification as a RE