other_material
confidence high
sentiment neutral
materiality 0.55
Wheeler REIT issues 450,000 common shares for Series B and D preferred in non-cash exchanges
Wheeler Real Estate Investment Trust, Inc.
- On Aug 27, 175,000 common shares issued for 7,000 Series B and 7,000 Series D preferred shares; exchange ratio 25:1.
- On Aug 28-29, 275,000 common shares issued for 11,000 Series B and 11,000 Series D preferred shares; same ratio.
- No cash proceeds; all exchanged preferred shares retired and cancelled.
- Issuance exempt from registration under Section 3(a)(9) of Securities Act as exchange with existing holders.
item 3.02