Financing ·
Wheeler Real Estate Investment Trust, Inc. agreed to issue 86,583 shares of common stock to an unaffiliated investor…
WHLRWheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust, Inc. agreed to issue 86,583 shares of common stock to an unaffiliated investor in exchange for 16,492 shares of Series B Convertible Preferred Stock and 4,123 shares of Series D Cumulative Convertible Preferred Stock. The transaction involved an exchange ratio of 21 common shares for 4 Series B shares and 1 Series D share, resulting in no cash proceeds for the company. The exchanged preferred stock shares were retired and cancelled. Wheeler Real Estate Investment Trust, Inc. is a real estate investment trust that manages and owns property assets.