Plymouth Industrial Soars 36.61% on Major Investor Acquisition

On August 19, 2025, Plymouth Industrial's stock surged by 36.61% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Plymouth Industrial REIT, Inc. recently filed a Schedule 13D with the SEC, revealing that TSSP Sub-Fund HoldCo, LLC and Alan Waxman have acquired a substantial stake in the company. This acquisition includes the purchase of 140,000 Series C Cumulative Perpetual Preferred Units and warrants exercisable for up to 11,760,000 OP Units, with an aggregate purchase price of $140 million. The transaction underscores the confidence of these investors in Plymouth Industrial's future prospects.

Additionally, Sixth Street Partners, LLC, an affiliate of the Reporting Persons, delivered a non-binding proposal to the board of directors of Plymouth Industrial REIT, Inc. offering to acquire 100% of the outstanding Common Stock and 100% of the common equity interests of Plymouth Industrial Operating Partnership, L.P. for a price per share equal to $24.10. This proposal, if accepted, could lead to a significant change in the company's ownership structure and strategic direction.

The filing also highlights the terms of the Series C Preferred Units, which include a liquidation preference and the right to vote on certain matters. The units rank senior to all other partnership units and common stock, providing additional security for investors. The Operating Partnership has the option to redeem these units at a specified redemption price, subject to certain conditions.

Furthermore, the Registration Rights Agreement and Board Observer Agreement provide Isosceles with customary registration rights and the right to designate a non-voting observer on the board. These agreements ensure that Isosceles has a voice in the company's governance and strategic decisions, further aligning their interests with those of Plymouth Industrial.