other material
confidence high
sentiment neutral
materiality 0.30
Wheeler REIT exchanges 109,548 preferred shares for 821,610 common shares
Wheeler Real Estate Investment Trust, Inc.
- Issued 821,610 common shares to two unaffiliated holders in exchange for 54,774 Series B and 54,774 Series D preferred shares.
- Exchange ratio was 15 common shares per preferred share; no cash proceeds to the company.
- All exchanged preferred shares were retired and cancelled; settlements occurred March 4-5, 2025.
- Issuance exempt from registration under Section 3(a)(9) of the Securities Act as an exchange with existing holders.