Corporate ActionJun 1, 2026, 04:06 PM
Wheeler Real Estate Issues 142,800 Common Shares for Preferred Stock Exchange
AI Summary
Wheeler Real Estate Investment Trust, Inc. issued 142,800 shares of its common stock to an existing unaffiliated holder on May 28, 2026. This transaction was an exchange for 2,800 shares of Series D Cumulative Convertible Preferred Stock and 5,600 shares of Series B Convertible Preferred Stock. The company received no cash proceeds, and the exchanged preferred shares have been retired and cancelled.
Key Highlights
- Wheeler Real Estate issued 142,800 shares of common stock.
- The common stock was exchanged for 2,800 shares of Series D Preferred Stock.
- The common stock was also exchanged for 5,600 shares of Series B Preferred Stock.
- The exchange ratio was 51 common shares for 2 Series B and 1 Series D preferred shares.
- No cash proceeds were received by the company in this transaction.
- The exchanged preferred shares were retired and cancelled.
Price Impact
More from WHLR