The latest round of convertible preferred stock issuances brings total outstanding shares in the Series A offering to over 12.4 million.

April 17, 2026

Cottonwood Communities, Inc. disclosed that it sold 188,601 shares of its Series A Convertible Preferred Stock during the first half of April 2026, bringing in aggregate proceeds of approximately $1.849 million.

The Salt Lake City-based company reported the transactions in a regulatory disclosure dated April 16, 2026, covering the period from April 1 through April 15. The shares were sold at $10.00 per share as part of the company’s ongoing best-efforts private placement offering, which is restricted to accredited investors.

Costs and Outstanding Shares

In connection with the sales, Cottonwood paid aggregate selling commissions of $81,840 and placement fees totaling $51,585. As of April 15, 2026, the company reported 12,400,430 shares of Series A Convertible Preferred Stock outstanding.

The Series A Convertible Private Offering originally launched on September 19, 2023, and has a maximum fundraising target of $150 million. The offering qualifies for an exemption from registration under Rule 506(b) of Regulation D, as shares are sold exclusively to accredited investors without the use of general solicitation.

Ongoing Capital Raising Efforts

This latest disclosure follows a similar report from the company in March 2026, in which Cottonwood reported selling approximately 137,655 shares of its separate Series 2025 Preferred Stock for about $1.374 million in proceeds. Together, the two ongoing offerings illustrate the company’s multi-track approach to raising capital through private placements.

Cottonwood Communities is incorporated in Maryland and headquartered in Salt Lake City, Utah. Its stock is not listed on any national securities exchange. Company president Enzio Cassinis authorized the latest disclosure.