Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. has filed Prospectus Supplement No. 24, updating its previous prospectus dated September 29, 2023. The supplement, filed on June 18, 2024, pertains to the issuance of up to 101,100,000 shares of common stock. Additionally, the company has amended its Current Report on Form 8-K/A, initially filed on June 13, 2024, to reflect a change in its reverse stock split strategy. Initially planning a one-for-six reverse stock split, the Board of Directors, after consulting with NASDAQ, has approved a one-for-five reverse stock split ratio. The previously announced one-for-six reverse stock split has been abandoned, and the company will announce the effective date of the new reverse stock split after further discussions with NASDAQ. The company cautions that these forward-looking statements are subject to risks and uncertainties that could affect actual results.