Corporate ActionJul 14, 2026, 04:12 PM
Wheeler Real Estate Issues 1.26M Common Shares via Preferred Stock Conversion
AI Summary
Wheeler Real Estate Investment Trust issued a total of 1,263,345 shares of common stock in multiple unregistered transactions between July 7 and July 10, 2026. These shares were exchanged for an aggregate of 36,857 shares of Series B Convertible Preferred Stock and 4,285 shares of Series D Cumulative Convertible Preferred Stock held by unaffiliated investors. The company did not receive any cash proceeds from these transactions, and the exchanged preferred shares have been retired and cancelled. The issuance was made in reliance on the exemption from registration requirements under Section 3(a)(9) of the Securities Act.
Key Highlights
- Wheeler Real Estate issued a total of 1,263,345 common shares.
- On July 7, 2026, 77,360 common shares were issued for 4,835 Series B Preferred Stock.
- On July 9, 2026, 1,018,585 common shares were issued for 28,422 Series B and 3,385 Series D Preferred Stock.
- On July 10, 2026, 167,400 common shares were issued for 3,600 Series B and 900 Series D Preferred Stock.
- No cash proceeds were received; preferred shares exchanged were retired and cancelled.
- Common stock was issued under Section 3(a)(9) of the Securities Act.
Price Impact
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