Gladstone Land Corporation Announces Pricing of Common Stock Offering

Gladstone Land Corporation (NASDAQ:LAND) (the "Company") today announced that it has priced its public offering of 1,650,000 shares of its common stock at a price to the public of $14.40 per share. The Company also granted the underwriters a 30-day option to purchase up to 247,500 additional shares of common stock solely to cover over-allotments, if any. Subject to customary conditions, the offering is expected to close on or about October 13, 2020. The net proceeds to the Company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $22.6 million (exclusive of the underwriters' over-allotment option).