The Nasdaq-listed company is offering common stock to multiple investors and expects to grant the underwriters’ representative a 30-day option.
The company also lifted its cash same-property NOI growth outlook while projecting a larger full-year net loss.
CEO Marc Holliday expects the Summit Paris build-out to finish in May 2027, ahead of the attraction’s planned June opening.
Belgravia estimated the change would reduce its outstanding share count from 137.7 million to about 13.8 million, subject to rounding.
Common shareholders of record at the close of business Nov. 13 qualify for payment. The board also declared dividends on six preferred-stock series for Dec.
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