secwatch.observer — SEC 8-K summary
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Issuer:     Wheeler Real Estate Investment Trust, Inc. (WHLR)
CIK:        0001527541
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001527541-23-000164
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheeler REIT receives Nasdaq delisting notice for bid price below $1.00; 180-day cure period
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- Nasdaq notified WHLR that common stock failed to meet $1.00 minimum bid for 30 consecutive business days.
- Company has until June 4, 2024 to regain compliance; may seek second 180-day period if eligible.
- WHLR evaluating options including a reverse stock split to cure the deficiency.
- Series D preferred holders can redeem at $25/share plus accrued dividends; company plans to settle in common stock.
- Common stock issued in December redemptions was unregistered; company plans to register future shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754123000164/0001527541-23-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754123000164/whlr-20231207.htm
  HTML page:      https://secwatch.observer/filing/0001527541-23-000164

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