8-KOther Events

WELLTOWER INC. 8-K Report (May 9, 2002)

Filed May 9, 2002For Securities:WELL

Summary

Health Care REIT, Inc. (now known as Welltower Inc.) filed this 8-K on May 8, 2002, to report on a significant equity offering. The company entered into an Underwriting Agreement for the sale of 3,000,000 shares of its Common Stock, with an additional option to sell up to 450,000 shares to cover overallotments. This offering was made in connection with a previously declared effective Registration Statement on Form S-3, indicating a move to raise capital to fuel its growth and operational strategies. This filing is crucial for investors as it signals the company's intent to expand its equity base, likely for strategic acquisitions, development projects, or debt reduction. The size of the offering suggests a material capital raise, and investors should pay close attention to the terms of the underwriting agreement and the subsequent use of these funds in future disclosures. The inclusion of the underwriting agreement and a press release as exhibits provides further detail on the transaction.

Key Highlights

  • 1Health Care REIT, Inc. announced an equity offering of 3,000,000 shares of Common Stock.
  • 2An over-allotment option allows for the sale of up to an additional 450,000 shares.
  • 3The offering is made under a previously effective Form S-3 Registration Statement (File No. 333-73936).
  • 4The event date reported is May 7, 2002, with the filing date of May 8, 2002.
  • 5The company entered into an Underwriting Agreement related to this offering.
  • 6Exhibits include the Underwriting Agreement and a Press Release dated May 7, 2002.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report that Health Care REIT, Inc. has entered into an Underwriting Agreement for a public offering of its common stock, designed to raise capital.

The company is offering 3,000,000 shares of common stock, with an option to sell an additional 450,000 shares if there is strong demand (over-allotment option). The exact amount of capital raised will depend on the offering price per share and the exercise of the over-allotment option.

The Form S-3 Registration Statement, declared effective in December 2001, allows the company to efficiently issue and sell securities over time without needing to file a new registration statement for each offering. This filing indicates the current stock offering is being conducted under that existing shelf registration.

More details about the terms of the offering can be found within the Underwriting Agreement, which is filed as an exhibit to this 8-K report. A press release dated May 7, 2002, is also included as an exhibit.