{"url_path":"/sec/sgst/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1852575/0001193125-26-219552-index.html","accession_number":"0001193125-26-219552","cik":"0001852575","ticker":"SGST","issuer_name":"Strategic Storage Trust VI, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1852575/0001193125-26-219552-index.html","primary_entity_key":"0001852575","primary_entity_name":"Strategic Storage Trust VI, Inc."},"word_count":620,"has_tables":true,"body_markdown":"ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\n(a)\nDistribution Reinvestment Plan - Class P Shares\n\nDuring the three months ended March 31, 2026, through our distribution reinvestment plan, we have issued approximately 66,200 Class P shares to investors who originally purchased shares in our Private Offering, for gross proceeds of approximately $0.7 million. No sales commissions or dealer manager fees are paid in connection with the sale of shares pursuant to our distribution reinvestment plan. Each of the purchasers of our shares of common stock under our Private Offering has represented that he or she is an accredited investor. Based upon these representations, we believe that the foregoing issuances of our shares of Class P common stock were exempt from the registration requirements pursuant to Rule 506 and Section 4(a)(2) of the Act and Regulation D promulgated thereunder.\n\n(b)\nOn March 17, 2022, our Public Offering (SEC File No. 333-256598) of up to $1.0 billion in shares of our common stock in our Primary Offering was declared effective by the SEC, consisting of five classes of shares: Class A shares for $10.33 per share (up to $450 million in shares), Class T shares for $10.00 per share (up to $450 million in shares), Class W shares for $9.40 per share (up to $100 million in shares), Class Y shares for $9.30 per share (up to $800 million in shares), and Class Z shares for $9.30 per share (up to $200 million in shares) and up to $95 million in shares pursuant to our distribution reinvestment plan at $9.30 per share for Class A, Class T, Class W, Class Y and Class Z shares. On May 20, 2025, our board of directors approved the termination of the Primary Offering, which termination was effective as of May 30, 2025. As of March 31, 2026, we had sold approximately 2.9 million Class A shares for gross offering proceeds of approximately $30.3 million, approximately 4.8 million Class T shares for gross offering proceeds of approximately $48.1 million, approximately 0.7 million Class W shares for gross offering proceeds of approximately $6.3 million, approximately 5.2 million Class Y shares for gross offering proceeds of approximately $50.6 million and approximately 0.6 million Class Z shares for gross offering proceeds of approximately $5.5 million pursuant to our Primary Offering. Through our distribution reinvestment plan, we have issued approximately 0.3 million Class A shares, approximately 0.4 million Class T shares, approximately 62,000 Class W shares, approximately 0.3 million Class Y shares and approximately 14,000 Class Z shares for gross proceeds of approximately $9.6 million. We have incurred approximately $11.5 million in sales commissions and dealer manager fees (of which approximately $5.9 million was re-allowed to a third party broker-dealer) in connection with the Primary Offering, and approximately $5.5 million in organization and offering costs.\n\n(c)\nOur share redemption program enables our stockholders to have their shares redeemed by us, subject to the significant conditions and limitations described in our Registration Statement on Form S-11 (SEC Registration No. 333-256598). During the three months ended March 31, 2026, we redeemed shares as follows:\n\n \n\nFor the Month Ended\n\n \n\nTotal Number of\nShares Redeemed\n\n \n\nAverage Price\nPaid per Share\n\n \n\nTotal Number of\nShares Redeemed as\nPart of Publicly\nAnnounced Plans or\nPrograms\n\n \n\nMaximum Number\nof Shares (or Units)\nThat May Yet to be\nPurchased Under the\nPlans or Programs\n\nJanuary 31, 2026\n\n \n\n20,327\n\n \n\n$9.54\n\n \n\n—\n\n \n\n1,301,601\n\nFebruary 28, 2026\n\n \n\n—\n\n \n\n—\n\n \n\n—\n\n \n\n1,301,601\n\nMarch 31, 2026\n\n \n\n—\n\n \n\n—\n\n \n\n—\n\n \n\n1,301,601\n\n \n\n(1)\nA description of the maximum number of shares that may be purchased under our share redemption program is included in Note 10 - Commitments and Contingencies, of the Notes to the Consolidated Financial Statements contained in this report."}