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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 24, 2026
ALPINE INCOME PROPERTY TRUST, INC.
(Exact name of registrant as specified in charter)
Commission File Number: 001-39143
| Maryland |
|
84-2769895 |
| (State or other jurisdiction of incorporation) |
|
(IRS Employer Identification No.) |
369 N. New York Avenue, Suite 201
Winter Park, Florida 32789
(Address of principal executive offices, including
zip code)
(407) 904-3324
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
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:
| ¨ | 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)) |
Securities registered pursuant to Section
12(b) of the Act:
| Title of each class |
|
Trading Symbol |
|
Name
of each exchange on which registered |
| |
|
|
|
|
| Common Stock, $0.01 par value per share |
|
PINE |
|
New York Stock Exchange |
| |
|
|
|
|
| 8.00% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share |
|
PINE/PA |
|
New York Stock Exchange |
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. ¨
Preferred At-the-Market Offering Program
On April 24, 2026, Alpine Income Property Trust, Inc. (the
“Company”), Alpine Income Property OP, LP (the “Operating Partnership”) and Alpine Income Property Manager, LLC
(the “Manager”) entered into separate equity distribution agreements, in substantially the form attached as Exhibit 1.1
to this Current Report on Form 8-K, and incorporated herein by reference (collectively, the “Preferred Equity Distribution
Agreements”), with each of Cantor Fitzgerald & Co. (“Cantor”) and Huntington Securities, Inc. (“Huntington”)
to include Cantor and Huntington as additional sales agents in the Company's previously announced at the market preferred stock offering
program, pursuant to which the Company may issue and sell from time to time (the “Preferred Offering”) shares of the Company’s
8.00% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share,
having an aggregate offering price of up to $35,000,000 (the “Preferred Shares”). The Preferred Equity Distributions Agreements
are substantively identical to those of the Existing Preferred Equity Distribution Agreements, as amended by the Preferred Amendments
(each as defined below).
In addition, on April 24, 2026, the Company, the Operating Partnership
and the Manager entered into separate amendments, in substantially the form attached as Exhibit 1.2 to this Current Report on Form 8-K,
and incorporated herein by reference (collectively, the “Preferred Amendments”), to each separate equity distribution agreement,
dated December 5, 2025, with each of Raymond James & Associates, Inc., A.G.P./Alliance Global Partners (“AGP”),
Robert W. Baird & Co. Incorporated (“Baird”), B. Riley Securities, Inc. (“B. Riley”), Colliers Securities
LLC (“Colliers”), Jefferies LLC (“Jefferies”), JonesTrading Institutional Services LLC (“Jones”),
Lucid Capital Markets, LLC (“Lucid”), Stifel, Nicolaus & Company, Incorporated (“Stifel”) and Truist
Securities, Inc. (“Truist”) (collectively, the “Existing Preferred Equity Distribution Agreements”). The
purpose of the Preferred Amendments was to update the Existing Preferred Equity Distribution Agreements to account for the participation
of Cantor and Huntington in the Preferred Offering.
This Current Report on Form 8-K shall not constitute an offer
to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of the Preferred Shares in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any
such state or other jurisdiction.
The foregoing description of the Preferred Equity Distribution Agreements
and Preferred Amendments is qualified in its entirety by reference to the full text of the Preferred Equity Distribution Agreements and
Preferred Amendments, the forms of which are attached as Exhibit 1.1 and Exhibit 1.2, respectively, to this Current Report on
Form 8-K and incorporated in this Item 8.01 by reference.
Common At-the-Market Offering Program
On April 24, 2026, the Company, the Operating Partnership and
the Manager entered into (i) separate equity distribution agreements, in substantially the form attached as Exhibit 1.3 to this
Current Report on Form 8-K, and incorporated herein by reference (collectively, the “Forward Common Equity Distribution Agreements”),
and separate master forward confirmations, in substantially the form attached as Exhibit 1.5 to this Current Report on Form 8-K,
and incorporated herein by reference, with each of Cantor, Huntington, Lucid and UBS and (ii) separate equity distribution agreements,
in substantially the form attached as Exhibit 1.4 to this Current Report on Form 8-K, and incorporated herein by reference,
with each of AGP and Colliers (collectively, the “Non-Forward Common Equity Distribution Agreements” and together with the
Forward Common Equity Distribution Agreements, the “Common Equity Distribution Agreements”), to include AGP and Colliers as
additional sales agents and Cantor, Huntington, Lucid and UBS as additional sales agents, forward sellers and forward purchasers in the
Company's previously announced at the market common stock offering program, pursuant to which the Company may issue and sell from time
to time (the “Common Offering”) shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”),
having an aggregate offering price of up to $150,000,000 (the “Common Shares”).
In addition, on April 24, 2026, the Company, the Operating Partnership
and the Manager entered into separate amendments, in substantially the form attached as Exhibit 1.6 to this Current Report on Form 8-K,
and incorporated herein by reference (collectively, the “Common Amendments”), to each separate equity distribution agreement,
dated October 21, 2022, as amended October 20, 2023, with each of Raymond James, B. Riley Securities, Jefferies, Jones,
KeyBanc Capital Markets Inc., Regions Securities LLC, and Truist, and each separate equity distribution agreement, dated October 20,
2023, with each of Baird and Stifel (collectively, the “Existing Common Equity Distribution Agreements”). The purpose of the
Common Amendments was to update the Existing Common Equity Distribution Agreements to account for the participation of AGP, Cantor, Colliers,
Huntington, Lucid and UBS in the Common Offering.
This Current Report on Form 8-K shall not constitute an offer
to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of the Common Shares in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any
such state or other jurisdiction.
The foregoing description the Common Equity Distribution Agreements,
master forward confirmations and Common Amendments is qualified in its entirety by reference to the full text of the Foward Common Equity
Distribution Agreements, Non-Forward Common Equity Distribution Agreements, master forward confirmations and Common Amendments, the forms
of which are attached as Exhibit 1.3, Exhibit 1.4, Exhibit 1.5 and Exhibit 1.6, respectively, to this Current Report
on Form 8-K and incorporated in this Item 8.01 by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
Exhibit
Number |
|
Description |
| 1.1 |
|
Form of Preferred Equity Distribution Agreement. |
| 1.2 |
|
Form of Amendment to Preferred Equity Distribution Agreement. |
| 1.3 |
|
Form of Common Equity Distribution Agreement (Forward). |
| 1.4 |
|
Form of Common Equity Distribution Agreement (Non-Forward). |
| 1.5 |
|
Form of Master Forward Confirmation. |
| 1.6 |
|
Form of Amendment to Common Equity Distribution Agreement. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
ALPINE INCOME PROPERTY
TRUST, INC. |
| |
|
|
| |
By: |
/s/ Philip R. Mays |
| |
Name: |
Philip R. Mays |
| |
Title: |
Senior Vice President, Chief Financial Officer and Treasurer |
Date: April 24, 2026
