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8-K: Current report

SEC announcement ·  Jun 6 20:06
Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. reported in a Form 8-K filing with the SEC that on June 5, 2024, the ninth monthly Holder Redemption Date for its Series D Cumulative Convertible Preferred Stock occurred without any redemption requests from holders. To date, the company has processed 182 redemption requests, redeeming 948,631 shares of Series D Preferred Stock and issuing approximately 2.8 million shares of common stock in settlement of an aggregate redemption price of about $35.9 million. This issuance of common stock takes into account the company's one-for-24 reverse stock split conducted on May 16, 2024. As of June 6, 2024, Wheeler REIT has 2,834,237 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 June 25, 2024, with the following Holder Redemption Date scheduled for July 5, 2024. The company has made redemption forms and FAQs available on its website.
Wheeler Real Estate Investment Trust Inc. reported in a Form 8-K filing with the SEC that on June 5, 2024, the ninth monthly Holder Redemption Date for its Series D Cumulative Convertible Preferred Stock occurred without any redemption requests from holders. To date, the company has processed 182 redemption requests, redeeming 948,631 shares of Series D Preferred Stock and issuing approximately 2.8 million shares of common stock in settlement of an aggregate redemption price of about $35.9 million. This issuance of common stock takes into account the company's one-for-24 reverse stock split conducted on May 16, 2024. As of June 6, 2024, Wheeler REIT has 2,834,237 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 June 25, 2024, with the following Holder Redemption Date scheduled for July 5, 2024. The company has made redemption forms and FAQs available on its website.
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