Financing ·
Wheeler Real Estate Investment Trust, Inc. issued a total of 177,600 shares of common stock to two unaffiliated…
WHLRWheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust, Inc. issued a total of 177,600 shares of common stock to two unaffiliated investors in exchange for the retirement and cancellation of 4,800 shares of Series B Convertible Preferred Stock and 1,200 shares of Series D Cumulative Convertible Preferred Stock. On August 5, 2026, the company issued 100,100 common shares for 2,800 Series B and 700 Series D preferred shares at a ratio of 143 common shares per four preferred shares plus one Series D share. On August 7, 2026, it issued 77,500 common shares for 2,000 Series B and 500 Series D preferred shares at a ratio of 155 common shares per four preferred shares plus one Series D share. No cash proceeds were received, and the transactions relied on Section 3(a)(9) of the Securities Act as exchanges with existing holders. Wheeler Real Estate Investment Trust, Inc. operates in the real estate industry, specifically investing in and managing commercial real estate assets.