Summary by Futu AI
On June 28, 2024, Wheeler Real Estate Investment Trust Inc. received a notification from Nasdaq indicating the company's non-compliance with the minimum Publicly Held Shares requirement of 500,000 shares. The company has been given until July 12, 2024, to submit a plan to regain compliance. Despite the notice, Wheeler's common stock continues to trade on the Nasdaq Capital Market under the symbol 'WHLR'. The company intends to submit a compliance plan by the deadline and may appeal to a Nasdaq hearings panel if necessary. Additionally, on July 1, 2024, Wheeler filed a registration statement to register over 20 million shares of common stock, which will be issued upon redemptions and conversions of Series D Preferred Stock. The company also updated its Redemption FAQs on its website to guide holders of unregistered common stock.