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Wheeler Real Estate Investment Trust Inc | 424B3: Prospectus

SEC announcement ·  Apr 8 19:57
Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. has issued Prospectus Supplement No. 15, updating its previous prospectus dated September 29, 2023. The supplement, filed on April 8, 2024, pertains to the potential issuance of up to 101,100,000 shares of common stock. Alongside the supplement, the company filed a Current Report on Form 8-K, detailing the results of the April 2024 Series D Preferred Stock redemptions. On the seventh monthly Holder Redemption Date, which occurred on April 5, 2024, there were no redemption requests from holders of Series D Preferred Stock. To date, the company has redeemed 948,631 shares of Series D Preferred Stock, resulting in the issuance of 67,042,618 shares of common stock to settle the redemptions worth approximately $35.9 million. As of April 5, 2024, Wheeler REIT has 68,023,718 shares of Common Stock and 2,577,240 shares of Series D Preferred Stock outstanding. The next deadline for Series D Preferred Stock redemptions is set for April 25, 2024, with the following Holder Redemption Date on May 6, 2024.
Wheeler Real Estate Investment Trust Inc. has issued Prospectus Supplement No. 15, updating its previous prospectus dated September 29, 2023. The supplement, filed on April 8, 2024, pertains to the potential issuance of up to 101,100,000 shares of common stock. Alongside the supplement, the company filed a Current Report on Form 8-K, detailing the results of the April 2024 Series D Preferred Stock redemptions. On the seventh monthly Holder Redemption Date, which occurred on April 5, 2024, there were no redemption requests from holders of Series D Preferred Stock. To date, the company has redeemed 948,631 shares of Series D Preferred Stock, resulting in the issuance of 67,042,618 shares of common stock to settle the redemptions worth approximately $35.9 million. As of April 5, 2024, Wheeler REIT has 68,023,718 shares of Common Stock and 2,577,240 shares of Series D Preferred Stock outstanding. The next deadline for Series D Preferred Stock redemptions is set for April 25, 2024, with the following Holder Redemption Date on May 6, 2024.

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