Item 3.02 Unregistered Sales of Equity Securities
On January 17, 2020, Global Medical REIT Inc. (the "Company") issued 260,000
shares of its common stock to the Rao V. Movva Estate Trust Dated September 12,
1996 (the "Rao Movva Trust") in connection with the Rao Movva Trust's redemption
of 260,000 common limited partnership units ("OP Units") issued to it by Global
Medical REIT L.P. (the "Operating Partnership") on November 10, 2017 in
connection with the Rao Movva Trust's contribution of certain assets to the
Operating Partnership. Pursuant to the terms of the Operating Partnership's
partnership agreement, OP Units may be redeemed by the holder after a one-year
holding period for either cash or shares of common stock of the Company, such
form of redemption consideration to be determined at the sole discretion of the
Company. These shares were issued in reliance upon the exemption from
registration provided by Section 4(a)(2) of the Securities Act of 1933 and
Regulation D thereunder for transactions not involving any public offering.
On January 17, 2020, the Company issued 65,000 shares of its common stock to the
Vedavathi Movva Estate Trust Dated September 16, 1996 (the "Vedavathi Movva
Trust") in connection with the Vedavathi Movva Trust's redemption of 65,000 OP
Units issued to it by the Operating Partnership on November 10, 2017 in
connection with the Vedavathi Movva Trust's contribution of certain assets to
the Operating Partnership. Pursuant to the terms of the Operating Partnership's
partnership agreement, OP Units may be redeemed by the holder after a one-year
holding period for either cash or shares of common stock of the Company, such
form of redemption consideration to be determined at the sole discretion of the
Company. These shares were issued in reliance upon the exemption from
registration provided by Section 4(a)(2) of the Securities Act of 1933 and
Regulation D thereunder for transactions not involving any public offering.
On January 17, 2020, the Company issued 125,000 shares of its common stock to
the Minnite Family LLC (the "Minnite LLC") in connection with the Minnite LLC's
redemption of 125,000 OP Units issued to it by the Operating Partnership on
April 19, 2018 in connection with the Minnite LLC's contribution of certain
assets to the Operating Partnership. Pursuant to the terms of the Operating
Partnership's partnership agreement, OP Units may be redeemed by the holder
after a one-year holding period for either cash or shares of common stock of the
Company, such form of redemption consideration to be determined at the sole
discretion of the Company. The shares were issued in reliance upon the exemption
from registration provided by Section 4(a)(2) of the Securities Act of 1933 and
Regulation D thereunder for transactions not involving any public offering.
© Edgar Online, source Glimpses