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SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-HOWARD AMSTER(16.60%),PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP(2.86%), etc.

SEC announcement ·  May 16 00:45
Summary by Futu AI
On May 10, 2024, an amendment was filed with the United States Securities and Exchange Commission by Howard Amster regarding his ownership in Wheeler Real Estate Investment Trust Inc.'s Series D Cumulative Preferred Stock. This filing, identified as Amendment No. 4 to Schedule 13D, updates Amster's previously filed Schedule 13D and reports his beneficial ownership of 16.60% of the Series D Cumulative Preferred Stock, which includes direct ownership and shares held by entities over which he has voting and dispositive power. Additionally, the amendment details transactions of stock purchases by Amster and associated trusts over the past sixty days. Notably, on May 3, 2024, an Excepted Holder Agreement was entered into between Wheeler REIT and Amster, allowing him to exceed the standard ownership limit and hold up to 14% of the company's Capital Stock. This agreement is contingent upon Amster's compliance with certain conditions, including not exceeding the set ownership percentage and maintaining the company's REIT status. The agreement will terminate automatically if Amster's ownership falls below 9.8% of the company's stock.
On May 10, 2024, an amendment was filed with the United States Securities and Exchange Commission by Howard Amster regarding his ownership in Wheeler Real Estate Investment Trust Inc.'s Series D Cumulative Preferred Stock. This filing, identified as Amendment No. 4 to Schedule 13D, updates Amster's previously filed Schedule 13D and reports his beneficial ownership of 16.60% of the Series D Cumulative Preferred Stock, which includes direct ownership and shares held by entities over which he has voting and dispositive power. Additionally, the amendment details transactions of stock purchases by Amster and associated trusts over the past sixty days. Notably, on May 3, 2024, an Excepted Holder Agreement was entered into between Wheeler REIT and Amster, allowing him to exceed the standard ownership limit and hold up to 14% of the company's Capital Stock. This agreement is contingent upon Amster's compliance with certain conditions, including not exceeding the set ownership percentage and maintaining the company's REIT status. The agreement will terminate automatically if Amster's ownership falls below 9.8% of the company's stock.
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