UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

____________________

 

FORM 8-K/A

____________________

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): February 28, 2019 (December 17, 2018)

____________________

 

Plymouth Industrial REIT Inc.
(Exact name of registrant as specified in its charter)

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Maryland 001-38106 27-5466153
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)

(I.R.S. Employer
Identification No.)

     
 

260 Franklin Street, 7th Floor

Boston, MA

02110

 
  (Address of Principal Executive Offices)
(Zip Code)
 
     
  (617) 340-3814  
(Registrant’s Telephone Number, Including Area Code)

____________________

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Explanatory Note

 

On December 17, 2018, Plymouth Industrial REIT, Inc. (the “Company”) announced that on December 14, 2018, it completed the previously announced acquisition of a 20-building light industrial and flex property located in Jacksonville, Florida (the “Jacksonville Properties”) for an aggregate purchase price of $97.1 million, consisting of approximately $34 million in cash from the proceeds of the Company’s issuance of its Series B Convertible Preferred Stock and $63.1 million funded from borrowings under the loan agreement between KeyBank National Association and Plymouth Industrial OP, LP and certain of its subsidiaries.

 

This Current Report on Form 8-K/A amends Item 9.01 of the original Form 8-K filed on December 17, 2018 to present the historical financial statements and the unaudited pro forma financial information required to be filed by Item 9.01 (a) and (b), for the Company’s acquisition of the Jacksonville Properties.

 

Item 9.01 Financial Statements and Exhibits.

 

(a) Financial Statements of Business Acquired

 

The statements of revenues and certain operating expenses of the Jacksonville Properties for the nine months ended September 30, 2018 (unaudited) and the year ended December 31, 2017, along with the accompanying notes to the statements of revenues and certain operating expenses for the periods presented, are filed as Exhibit 99.1 to this Current Report on Form 8-K/A and are incorporated by reference herein.

 

(b) Pro-forma Financial Information

 

This Current Report on Form 8-K/A includes the Company’s unaudited pro forma condensed consolidated balance sheet as of September 30, 2018, the Company’s unaudited pro forma condensed consolidated statements of operations for the nine months ended September 30, 2018 and for the year ended December 31, 2017 and notes to the unaudited pro forma condensed consolidated financial statements. This unaudited condensed consolidated financial information is filed as Exhibit 99.2 to this Current Report on Form 8-K/A and is incorporated herein by reference.

 

This unaudited pro forma financial information is not necessarily indicative of the expected financial position or results of the Company’s operations for any future period. Differences could result from numerous factors, including future changes in the Company’s portfolio of investments, changes in interest rates, changes in the Company’s capital structure, changes in property level operating expenses, changes in property level revenues, including rents expected to be received from the Company’s existing leases or leases the Company may enter into during and after 2018, and for other reasons.

 

(d) Exhibits

 

23.1 Consent of Independent Auditors
   
99.1 Statements of revenues and certain operating expenses of the Jacksonville Properties for the nine months ended September 30, 2018 (unaudited) and the year ended December 31, 2017, and the notes to the statements of revenues and certain operating expenses for the periods presented.
   
99.2 Unaudited pro forma condensed consolidated balance sheet as of September 30, 2018, unaudited pro forma condensed consolidated statements of operations for the nine months ended September 30, 2018 and for the year ended December 31, 2017 and notes to the unaudited pro forma condensed consolidated financial statements.
   

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Plymouth Industrial REIT Inc.
     
     
  By: /s/  Jeffrey E. Witherell          
    Jeffrey E. Witherell
    Chief Executive Officer

 

Dated: February 28, 2019