Corporate ActionJul 20, 2026, 04:12 PM
Wheeler Real Estate Exchanges 352,000 Common Shares for Preferred Stock
AI Summary
Wheeler Real Estate Investment Trust, Inc. announced it issued 352,000 shares of its common stock to an unaffiliated holder. This exchange was for 6,400 shares of Series B Convertible Preferred Stock and 1,600 shares of Series D Cumulative Convertible Preferred Stock. The Company did not receive any cash proceeds, and the exchanged preferred shares have been retired and cancelled.
Key Highlights
- Wheeler Real Estate issued 352,000 shares of common stock.
- The common stock was exchanged for 6,400 shares of Series B Preferred Stock.
- The common stock was also exchanged for 1,600 shares of Series D Preferred Stock.
- The transaction involved 220 shares of common stock for 4 Series B and 1 Series D Preferred Stock.
- No cash proceeds were received by the Company in this transaction.
- The exchanged preferred shares have been retired and cancelled.
Price Impact
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