Corporate ActionAug 11, 2026, 08:47 AM
Wheeler REIT Exchanges Preferred for 177,600 Common Shares
AI Summary
Wheeler Real Estate Investment Trust, Inc. completed two unregistered exchanges of preferred stock for common stock. On August 5, 2026, the company issued 100,100 common shares for 2,800 Series B and 700 Series D preferred shares. A second transaction on August 7, 2026, involved issuing 77,500 common shares for 2,000 Series B and 500 Series D preferred shares. The company received no cash proceeds, and the exchanged preferred shares were retired and cancelled, simplifying its capital structure.
Key Highlights
- Wheeler REIT issued 100,100 common shares on August 5, 2026.
- This exchange was for 2,800 Series B and 700 Series D preferred shares.
- On August 7, 2026, 77,500 common shares were issued.
- This second exchange was for 2,000 Series B and 500 Series D preferred shares.
- Total of 177,600 common shares were issued across both transactions.
- The company received no cash proceeds from these exchanges.
- All exchanged preferred shares were retired and cancelled.
- Issuance relied on Section 3(a)(9) exemption from registration.
Price Impact
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