other material
confidence high
sentiment neutral
materiality 0.30
Wheeler REIT issues 56K common shares in exchange for 12K preferred shares
Wheeler Real Estate Investment Trust, Inc.
- Issued 56,000 common shares to unaffiliated holder for 4,000 Series D and 8,000 Series B preferred shares.
- Exchange ratio: 14 common shares for each combination of 2 Series B and 1 Series D preferred.
- No cash proceeds received; exchanged preferred shares retired and cancelled.
- Issuance exempt under Section 3(a)(9) of Securities Act as exchange with existing holder.