share_log

8-K: Current report

SEC ·  Jul 8 20:52

Summary by Futu AI

Wheeler Real Estate Investment Trust Inc. reported that on July 5, 2024, the tenth 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 a total of 948,631 shares of Series D Preferred Stock. This has resulted in the issuance of approximately 560,000 shares of common stock, after adjusting for two reverse stock splits in May and June 2024, with an aggregate redemption price of around $35.9 million. As of July 8, 2024, Wheeler has 566,814 shares of common stock and 2,686,916 shares of Series D Preferred Stock outstanding. The next deadline for Series D Preferred Stock redemptions is set for July 25, 2024, with the following Holder Redemption Date scheduled for August 5, 2024.
Wheeler Real Estate Investment Trust Inc. reported that on July 5, 2024, the tenth 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 a total of 948,631 shares of Series D Preferred Stock. This has resulted in the issuance of approximately 560,000 shares of common stock, after adjusting for two reverse stock splits in May and June 2024, with an aggregate redemption price of around $35.9 million. As of July 8, 2024, Wheeler has 566,814 shares of common stock and 2,686,916 shares of Series D Preferred Stock outstanding. The next deadline for Series D Preferred Stock redemptions is set for July 25, 2024, with the following Holder Redemption Date scheduled for August 5, 2024.

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