Caliber converts $15.9 million preferred equity to common stock

Caliber (NASDAQ: CWD) announced that an institutional investor converted approximately $15.9 million of perpetual convertible preferred equity into common stock shares.

The conversion involved 15,868 shares of Series B Preferred Stock originally purchased at $1,000 per share. The holder exercised its conversion right at $250 per share, resulting in the issuance of 63,472 shares of common stock.

The preferred equity carried no dividend and was perpetual in nature. The transaction removes the preferred equity from Caliber's capital structure and replaces it with common equity, reducing the amount of capital senior to the company's common stock.

Caliber previously disclosed the conversion in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 25, 2026.

Caliber operates as a real estate-focused alternative asset manager with over $2.6 billion in managed assets. The company focuses on middle-market hospitality and multifamily real estate investments and has integrated digital asset infrastructure into its platform.

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