Summary by Futu AI
On October 31, 2024, Ursa Fund Management LLC, along with related entities and individuals, filed a Schedule 13G with the SEC, indicating a significant ownership stake in Wheeler Real Estate Investment Trust Inc.'s Series D Cumulative Preferred Stock. Ursa Fund Management LLC, Ursa Fund Partners LP, Investment Opportunities 14 Segregated Portfolio, Andrew Hahn, and Russell Douglas collectively reported beneficial ownership of 315,000 shares, representing 13.36% of the class. The filing, which is based on the total number of shares outstanding as of November 5, 2024, as reported in Wheeler REIT's most recent Form 8-K, indicates that the shares are held for investment purposes. Andrew Hahn and Russell Douglas, both managing members of Ursa Fund Management LLC, have shared voting and dispositive power over the shares but disclaim beneficial ownership of the shares held by the funds. The filing was made in accordance with Rule 13d-1(b) under the Securities Exchange Act of 1934.