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8-K: Current report

SEC announcement ·  May 7 19:39
Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. reported in a Form 8-K filing with the SEC that on May 6, 2024, no redemption requests were received for its Series D Cumulative Convertible Preferred Stock during the eighth monthly Holder Redemption Date. 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 and an aggregate redemption price of approximately $35.9 million. As of May 6, 2024, Wheeler has 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 May 25, 2024, with the subsequent Holder Redemption Date on June 5, 2024. Additionally, the company's Board of Directors has approved an Excepted Holder Agreement for stockholder Howard Amster, allowing him an increased aggregate stock ownership limit of 14%, exempting him from the standard 9.8% limit. This agreement will remain in effect until Mr. Amster's ownership falls below the 9.8% threshold.
Wheeler Real Estate Investment Trust Inc. reported in a Form 8-K filing with the SEC that on May 6, 2024, no redemption requests were received for its Series D Cumulative Convertible Preferred Stock during the eighth monthly Holder Redemption Date. 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 and an aggregate redemption price of approximately $35.9 million. As of May 6, 2024, Wheeler has 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 May 25, 2024, with the subsequent Holder Redemption Date on June 5, 2024. Additionally, the company's Board of Directors has approved an Excepted Holder Agreement for stockholder Howard Amster, allowing him an increased aggregate stock ownership limit of 14%, exempting him from the standard 9.8% limit. This agreement will remain in effect until Mr. Amster's ownership falls below the 9.8% threshold.
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