Tiny lodging REIT Sotherly Hotels (SOHO) is selling a new issue of baby bonds.
Of course Sotherly has 3 issues of cumulative preferred stock with suspended dividends (suspended in March, 2020) which can be seen here.
Obviously this is a dicey company at this time–the common shares are trading at $2.62/share.
This new issue has a maturity date in 2026 and will trade on the NASDAQ under ticker SOHOL.
It will be interesting to see the pricing on this issue and to see how well it is received by investors.
J was on top of this new issue.