Summary by Futu AI
Wheeler Real Estate Investment Trust, Inc. has issued Prospectus Supplement No. 20 to its Prospectus dated September 29, 2023, concerning the potential issuance of up to 101,100,000 shares of common stock. The supplement, dated May 21, 2024, includes the company's Current Report on Form 8-K filed on the same date. This report updates and supplements the original Prospectus and should be read in conjunction with it. The company has also announced that the interest due on June 30, 2024, for its 7.00% Subordinated Convertible Notes due 2031 will be paid in the form of Series D Cumulative Convertible Preferred Stock to holders of record as of June 1, 2024. Investors are cautioned to carefully review the risk factors outlined in the Prospectus before investing.