Corporate ActionMay 27, 2026, 05:16 PM
Wheeler REIT Issues 757,850 Common Shares for Preferred Stock Exchange
AI Summary
Wheeler Real Estate Investment Trust, Inc. issued an aggregate of 757,850 shares of its common stock to three unaffiliated holders. This issuance was in exchange for 15,157 shares of Series D Cumulative Convertible Preferred Stock and 30,314 shares of Series B Convertible Preferred Stock. The company did not receive any cash proceeds, and the exchanged preferred shares have been retired and cancelled, simplifying the capital structure.
Key Highlights
- Wheeler Real Estate Investment Trust issued 757,850 shares of common stock.
- The common stock was exchanged for 15,157 shares of Series D Preferred Stock.
- The common stock was also exchanged for 30,314 shares of Series B Preferred Stock.
- Each transaction involved 50 shares of common stock for 2 Series B and 1 Series D Preferred.
- The company received no cash proceeds from these transactions.
- The exchanged preferred shares have been retired and cancelled.
Price Impact
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