Financing ·
Wheeler Real Estate Investment Trust, Inc. agreed to issue 352,000 shares of common stock to an unaffiliated investor…
WHLRLWheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust, Inc. agreed to issue 352,000 shares of common stock to an unaffiliated investor in exchange for 6,400 shares of Series B Convertible Preferred Stock and 1,600 shares of of the Series D Cumulative Convertible Preferred Stock. The exchanged preferred stock shares were retired and cancelled. The company did not receive any cash proceeds from this transaction. Wheeler Real Estate Investment Trust, Inc. is a real estate investment trust (REIT) that manages and owns property.