share_log

8-K: Current report

SEC ·  Jul 2, 2024 05:00

Summary by Futu AI

Wheeler Real Estate Investment Trust received a notice from Nasdaq on June 28, 2024, indicating non-compliance with the minimum requirement of 500,000 publicly held shares. The company has until July 12, 2024, to submit a compliance plan, with trading continuing under the WHLR symbol but with a non-compliance indicator.On July 1, 2024, the company filed a registration statement on Form S-11 to register 20,704,217 common shares for future redemptions and conversions of Series D Cumulative Convertible Preferred Stock. This registration aims to facilitate the issuance of registered shares for monthly Series D Preferred Stock redemptions. The company also updated its Redemption FAQs regarding the process for holders of unregistered common stock from previous redemptions to remove trading restrictions under Rule 144.
Wheeler Real Estate Investment Trust received a notice from Nasdaq on June 28, 2024, indicating non-compliance with the minimum requirement of 500,000 publicly held shares. The company has until July 12, 2024, to submit a compliance plan, with trading continuing under the WHLR symbol but with a non-compliance indicator.On July 1, 2024, the company filed a registration statement on Form S-11 to register 20,704,217 common shares for future redemptions and conversions of Series D Cumulative Convertible Preferred Stock. This registration aims to facilitate the issuance of registered shares for monthly Series D Preferred Stock redemptions. The company also updated its Redemption FAQs regarding the process for holders of unregistered common stock from previous redemptions to remove trading restrictions under Rule 144.

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