Summary by Futu AI
On July 9, 2024, Wheeler Real Estate Investment Trust Inc. announced the effectiveness of its registration statement on Form S-11, which was filed on July 1, 2024, and approved by the Securities and Exchange Commission (SEC). The registration allows for the issuance of up to 20,704,217 shares of common stock related to future redemptions and conversions of the company's Series D Cumulative Convertible Preferred Stock. The first redemption date is scheduled for August 5, 2024, for redemption requests made by July 25, 2024. Additionally, the company updated its Frequently Asked Questions (FAQs) on its website to reflect the registration's effectiveness and to clarify the process for holders of unregistered shares from the December 2023, January 2024, and February 2024 redemptions of Series D Preferred Stock to remove restrictions under Rule 144. The company's forward-looking statements are subject to risks and uncertainties, and it disclaims any obligation to update these statements.