Pacific Oak Strategic Opportunity REIT Inc.
11/06/2025 | Press release | Distributed by Public on 11/06/2025 15:53
Material Event (Form 8-K)
ITEM 8.01 OTHER EVENTS
On October 14, 2025, in light of Pacific Oak Strategic Opportunity REIT, Inc.'s (the "Company") difficult financial situation, the standstill agreement entered into in August 2025 with the trustee for holders of bonds issued by the Company's subsidiary, Pacific Oak SOR (BVI) Holdings, Ltd., and the ongoing negotiations with the Israeli bondholders, the board of directors of the Company formed a special committee (the "Special Committee") composed of all of the Company's independent directors to explore the availability of strategic alternatives involving the Company. As part of the process of exploring strategic alternatives, on November 3, 2025, the Special Committee engaged Robert A. Stanger & Co., Inc. ("Stanger") to act as the financial advisor to the Company to assist the Company and the Special Committee with this process. Under the terms of the engagement, Stanger will provide various financial advisory services, as requested by the Special Committee as customary for an engagement in connection with exploring strategic alternatives.
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