05:40 PM EDT, 09/23/2024 (MT Newswires) -- Forestar Group ( FOR ) filed a shelf registration statement Monday covering the potential sale of up to $750 million of securities from time to time in one or more offerings.

The filing covers preferred stock, common stock. and warrants. The company plans to use the net proceeds from any sale of the securities for general corporate purposes, including working capital, land acquisition, finished lots and companies, and repaying or repurchasing existing debt.

The shelf also covers secondary sale of 15 million common shares offered by D.R. Horton, according to the company. Forestar ( FOR ) will not receive any proceeds from the secondary sale.

Forestar ( FOR ) shares were down 1.5% in after-hours activity.

Price: 32.85, Change: -0.50, Percent Change: -1.50