share_log

424B3: Prospectus

SEC ·  Sep 6 20:24
Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. has issued Prospectus Supplement No. 5, filed on September 6, 2024, to its Prospectus dated July 9, 2024. This supplement pertains to the potential issuance of up to 20,704,217 shares of common stock. The company also filed a Current Report on Form 8-K, detailing the adjustment to the conversion price of its 7.00% Subordinated Convertible Notes due 2031 following the September redemptions of Series D Cumulative Convertible Preferred Stock. The conversion price for the Notes has been adjusted to approximately $0.79 per share of common stock, a 45% discount to the lowest conversion price of Series D Preferred Stock at $1.44. The report also includes the results of the September 2024 Series D Preferred Stock redemptions, where 23,905 shares were redeemed, and 649,634 shares of common stock were...Show More
Wheeler Real Estate Investment Trust Inc. has issued Prospectus Supplement No. 5, filed on September 6, 2024, to its Prospectus dated July 9, 2024. This supplement pertains to the potential issuance of up to 20,704,217 shares of common stock. The company also filed a Current Report on Form 8-K, detailing the adjustment to the conversion price of its 7.00% Subordinated Convertible Notes due 2031 following the September redemptions of Series D Cumulative Convertible Preferred Stock. The conversion price for the Notes has been adjusted to approximately $0.79 per share of common stock, a 45% discount to the lowest conversion price of Series D Preferred Stock at $1.44. The report also includes the results of the September 2024 Series D Preferred Stock redemptions, where 23,905 shares were redeemed, and 649,634 shares of common stock were issued in settlement. Cumulatively, the company has processed 212 redemption requests and issued approximately 1.87 million shares of common stock after adjustments for reverse stock splits. As of September 6, 2024, Wheeler Real Estate Investment Trust Inc. had 1,874,119 shares of common stock and 2,538,968 shares of Series D Preferred Stock outstanding. The next deadline for Series D Preferred Stock redemptions is September 25, 2024, with the following Holder Redemption Date on October 7, 2024.

This announcement is a separate document:

Doc 1

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