Gladstone -5.8% after secondary

|About: Gladstone Commercial Cor... (GOOD)|By:, SA News Editor

Gladstone Commercial (GOOD -5.8%) prices a 1.4M share secondary at $18.15 each, with the underwriters retaining an option to purchase another 207K shares at that price. The offering will boost the float by about 10%.

Net proceeds (exclusive of the greenshoe) are expected to be about $23.7M.