Financing ·
Wheeler Real Estate cancels preferred stock by issuing 841,628 common shares to existing holders
WHLRDWheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust, Inc. issued a total of 318,428 shares of common stock in unregistered exchanges with existing security holders on September 2 and 3, 2026. Specifically, the company exchanged 23,664 shares of Series B Preferred Stock and 3,537 shares of Series D Cumulative Convertible Preferred Stock for 581,328 common shares from two investors, and subsequently exchanged 7,600 shares of Series B Preferred Stock and 1,900 shares of Series D Preferred Stock for 260,300 common shares from a third investor. The preferred shares were retired and cancelled, with no cash proceeds received by the company. These transactions relied on Section 3(a)(9) of the Securities Act exemption for exchanges between existing holders. Wheeler Real Estate Investment Trust, Inc. operates in the real estate industry, specifically investing in and managing commercial real estate properties.