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Wheeler Real Estate Investment Trust Inc | 424B3: Prospectus

SEC announcement ·  Mar 6 21:33
Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. issued Prospectus Supplement No. 14 on March 6, 2024, as an update to their Prospectus dated September 29, 2023. The supplement pertains to the potential issuance of up to 101,100,000 shares of common stock. Alongside this, the company filed a Current Report on Form 8-K, detailing the results of the March 2024 Series D Preferred Stock redemptions. On the Holder Redemption Date of March 5, 2024, no redemption requests were received for the Series D Preferred Stock. To date, 948,631 shares of Series D Preferred Stock have been redeemed, resulting in the issuance of 67,042,618 shares of common stock for an aggregate redemption price of approximately $35.9 million. As of March 5, 2024, there are 68,023,718 shares of common stock and 2,577,240 shares of Series D Preferred Stock outstanding. The next redemption deadline is set for March 25, 2024, with the subsequent Holder Redemption Date on April 5, 2024. The company has provided necessary redemption forms and FAQs on its website.
Wheeler Real Estate Investment Trust Inc. issued Prospectus Supplement No. 14 on March 6, 2024, as an update to their Prospectus dated September 29, 2023. The supplement pertains to the potential issuance of up to 101,100,000 shares of common stock. Alongside this, the company filed a Current Report on Form 8-K, detailing the results of the March 2024 Series D Preferred Stock redemptions. On the Holder Redemption Date of March 5, 2024, no redemption requests were received for the Series D Preferred Stock. To date, 948,631 shares of Series D Preferred Stock have been redeemed, resulting in the issuance of 67,042,618 shares of common stock for an aggregate redemption price of approximately $35.9 million. As of March 5, 2024, there are 68,023,718 shares of common stock and 2,577,240 shares of Series D Preferred Stock outstanding. The next redemption deadline is set for March 25, 2024, with the subsequent Holder Redemption Date on April 5, 2024. The company has provided necessary redemption forms and FAQs on its website.
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