other
confidence high
sentiment neutral
materiality 0.50
Wheeler REIT processes July 2025 Series D Preferred redemptions; conversion price unchanged
Wheeler Real Estate Investment Trust, Inc.
- 7 holders redeemed 11,490 Series D preferred shares at ~$41.15/share (incl. accrued dividends), settled with 65,898 common shares.
- Cumulative: 358 redemptions totaling 1,652,493 preferred shares redeemed for ~301,500 common shares issued.
- As of July 7, 2025: 1,160,584 common shares and 1,836,032 Series D preferred shares outstanding.
- Conversion price of 7% Notes due 2031 remains unchanged at ~$2.82 per common share (approx. 8.87 shares per $25 principal).
- Registration statement for up to 100,043,323 common shares effective; future redemptions settled with registered shares.
item 8.01