Articles from Lineage, Inc.

Lineage, Inc. (NASDAQLINE) (the "Company"), the world’s largest global temperature-controlled warehouse REIT, today announced the tax treatment of its 2024 distributions. The tax treatment of distributions per share of the Company common stock (CUSIP 53566V106) will be reported on the Form 1099-DIV as follows:

Lineage, Inc. (NASDAQLINE), announced that it will report its financial results for the fourth quarter and full year of 2024 on Wednesday, February 26, 2025, before market open. A conference call to discuss these results has been scheduled for 8:00 a.m. Eastern Time on Wednesday, February 26, 2025.

Lineage, Inc. (NASDAQLINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced that its Board of Directors has declared a cash dividend of $0.5275 per share for the fourth quarter of 2024. The dividend will be paid on January 21, 2025, to shareholders of record of the Company’s common stock as of the close of business on December 31, 2024.

Lineage, Inc. (NASDAQLINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced the release of Economist Impact’s “Feeding the Future” report. Supported by Lineage, the new body of research explores the connection between food infrastructure and economic development in hard-to-reach geographies, calling for global collaboration toward building a food supply chain better equipped for feeding the world.

Lineage, Inc. (NASDAQLINE) (the "Company"), the world’s largest global temperature-controlled warehouse REIT, today announced its financial results for the third quarter of 2024.

Lineage, Inc. (NASDAQLINE), announced that it will report its financial results for the third quarter of 2024 on Wednesday, November 6, 2024, before market open. A conference call to discuss these results has been scheduled for 8:00 a.m. Eastern Time on Wednesday, November 6, 2024.

Lineage, Inc. (NASDAQLINE) (the "Company"), the world’s largest global temperature-controlled warehouse REIT, today announced that its Board of Directors has declared a prorated quarterly cash dividend of $0.38 per share for the third quarter of 2024. The dividend is prorated for the period commencing on July 26, 2024, the date the Company’s initial public offering was consummated, and ending on September 30, 2024, representing an annualized dividend rate of $2.11 per share.

Lineage, Inc. (NASDAQLINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced additional details of its flagship competition, the Food Chain Innovation Challenge, including members of the judging panels as well as the grand prize.

Lineage, Inc. (NASDAQLINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced the issuance of its 100th patent, a significant milestone that highlights the company’s achievements in innovation. Lineage’s patent portfolio underscores the company’s commitment to leading-edge solutions in the food supply chain, harnessing technology to enhance efficient, safe operations and deliver value to customers.

Lineage, Inc. (NASDAQLINE) (the "Company"), the world’s largest global temperature-controlled warehouse REIT, has filed its Form 10-Q for the quarter ended June 30, 2024. Due to the timing of the Company’s initial public offering and initial second-quarter 2024 financial results included on Form S-11, Lineage will not be holding a conference call this quarter to discuss its financial results.

Lineage, Inc. (NASDAQLINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced that the Company received investment grade credit ratings from Moody’s Investors Service (“Moody’s”) and Fitch Ratings (“Fitch”). Moody’s has assigned a first-time Issuer Rating of Baa2 to the Company with a Stable outlook, and Fitch has assigned a Long-Term Issuer Default Rating of BBB+ to the Company with a Stable outlook.

Lineage, Inc. (the “Company”) (NASDAQLINE), the world’s largest global temperature-controlled warehousing REIT, today announced a $100 million investment in its workforce.

Lineage, Inc. (the “Company”) (Nasdaq: LINE) today announced that the underwriters of its previously announced initial public offering have fully exercised their option to purchase an additional 8,532,307 shares of the Company’s common stock at the initial public offering price of $78.00 per share, less underwriting discounts and commissions. The option closing will settle on July 31, 2024, subject to customary conditions. After giving effect to the option closing, the Company sold a total of 65,414,358 shares of its common stock in the offering, representing gross proceeds of approximately $5.1 billion, prior to underwriting discounts and commissions and estimated expenses payable by the Company.

Lineage, Inc. (the “Company”) (Nasdaq: LINE) today announced the closing of its underwritten initial public offering of 56,882,051 shares of its common stock at a public offering price of $78.00 per share. The net proceeds from the offering were approximately $4.2 billion, after deducting underwriting discounts and commissions and estimated expenses payable by the Company. The Company intends to use the net proceeds received from the offering to repay borrowings outstanding under its delayed draw term loan, repay borrowings outstanding under its revolving credit facility, fund one-time cash grants to certain of its employees in connection with this offering and estimated cash to pay tax withholding obligations associated with stock grants and redeem its Series A preferred stock. Following such uses, the Company expects to use the remaining net proceeds for general corporate purposes, which may include the repayment of additional borrowings outstanding under its revolving credit facility.

Lineage Foundation for Good (the “Foundation”), the independent philanthropic arm of Lineage, Inc., the world’s largest global temperature-controlled warehousing REIT, today announced a pledge of $8.8 million in food donations and cash grants to community partners to address hunger and food insecurity. To kick off this commitment, alongside Lineage’s initial public offering, Lineage Foundation for Good is donating $100,000 to the New York Common Pantry and hosting a meal kit packing event in Times Square to provide meals for families in need throughout New York. These actions further the Foundation's long-standing mission to fight food insecurity, underscored by Lineage’s commitment to help feed the world.

Lineage, Inc. (the “Company”) today announced the pricing of its underwritten initial public offering of 56,882,051 shares of its common stock at the initial public offering price of $78.00 per share. In addition, the underwriters of the offering have been granted a 30-day option to purchase from the Company up to 8,532,307 additional shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds received from the offering to repay borrowings outstanding under its delayed draw term loan, repay borrowings outstanding under its revolving credit facility, fund one-time cash grants to certain of its employees in connection with this offering and estimated cash to pay tax withholding obligations associated with stock grants and redeem its Series A preferred stock. Following such uses, the Company expects to use the remaining net proceeds for general corporate purposes, which may include the repayment of additional borrowings outstanding under its revolving credit facility.

Lineage, Inc. (the “Company”) today announced that the Company has commenced the roadshow for its underwritten initial public offering of 47,000,000 shares of its common stock. In addition, the underwriters of the offering will have a 30-day option to purchase from the Company up to 7,050,000 additional shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $70.00 and $82.00 per share. The Company expects that its common stock will be approved for listing, subject to notice of issuance, on the Nasdaq Global Select Market under the ticker symbol “LINE.” The Company intends to use the net proceeds received from the offering to repay borrowings outstanding under its delayed draw term loan, repay borrowings outstanding under its revolving credit facility, fund one-time cash grants to certain of its employees in connection with this offering and estimated cash withholdings associated with stock grants and redeem its Series A preferred stock. Following such uses, the Company expects to use the remaining net proceeds for general corporate purposes, which may include the repayment of additional borrowings outstanding under its revolving credit facility.

Lineage, the world’s largest global temperature-controlled warehouse REIT, today announced the launch of its pioneering initiative, the Food Chain Innovation Challenge. This aspiring global competition invites students and startups to develop and pitch groundbreaking solutions aimed at tackling one of the world’s most pressing issues: food waste, particularly postharvest losses.

Lineage, Inc. (the “Company”) today announced that it has publicly filed a registration statement on Form S-11 with the U.S. Securities and Exchange Commission (the “SEC”) to sell shares of its common stock in an underwritten initial public offering.

Lineage, Inc. (“Lineage”), the world’s largest global temperature-controlled warehouse REIT and integrated solutions provider, today announced the appointment of Shellye Archambeau to the Board of Directors of Lineage’s operating subsidiary, Lineage Logistics Holdings, LLC. Archambeau assumed her position on the board this month, bringing deep expertise as a seasoned CEO and public company board leader to her role.