NETSTREIT Corp. (the “Company”), announced today that it has priced an initial public offering of 12,500,000 shares of its common stock at an initial public offering price of $18.00 per share. 12,244,732 shares are being offered by the Company and 255,268 shares are being offered by certain selling stockholders (the “Selling Stockholders”). In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock from the Company at the initial public offering price, less underwriting discounts and commissions. The Company will not receive any proceeds from the sale of shares by the Selling Stockholders. The Company’s common stock is expected to begin trading on the New York Stock Exchange on August 13, 2020 under the ticker symbol “NTST.” The offering is expected to close on August 17, 2020, subject to satisfaction of customary closing conditions.
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