Caliber Introduces Debt-to-Equity Conversion Program for Noteholders
Noteholder Conversion Program: Caliber (CWD) has launched a program allowing certain unsecured noteholders to convert their notes into shares of Class A common stock, with each tranche permitting up to $3 million in conversions.
Financial Impact: The conversion program is expected to reduce leverage, enhance stockholders' equity, and improve financial flexibility as Caliber aims for profitability by 2026.
Recent Conversions: Caliber completed a conversion of $1.9 million in principal balance notes, resulting in approximately 561,850 shares issued at an average price of $3.43 per share, which will save the company about $211,090 in annual interest expenses.
Stock Performance: Following the announcement, Caliber's stock price decreased by 2.06% in after-hours trading, settling at $2.84.
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CaliberCos (CWD) Third Quarter 2025 Earnings Call Summary
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Caliber Schedules Earnings Announcement and Investor Conference Call for Q3 2025
Financial Results Announcement: Caliber will release its Q3 2025 financial results on November 13, 2025, after market close, followed by a conference call at 5:00 pm ET for discussion.
Accessing the Call: Interested parties can join the earnings call by phone or online through Caliber's investor relations website, with a replay available shortly after the call.
Company Overview: Caliber is a diversified real estate and digital asset management platform with over $2.9 billion in managed assets, focusing on private equity real estate and recently launching a Digital Asset Treasury strategy.
Forward-Looking Statements: The press release includes forward-looking statements that are subject to risks and uncertainties, with details available in the company's SEC filings.
