other material
confidence high
sentiment neutral
materiality 0.30
Wheeler REIT issues 60k common shares in exchange for preferred; also issues 80k Series D for Cedar preferred
Wheeler Real Estate Investment Trust, Inc.
- Issued 60,000 common shares to exchange investor for 2,000 Series D and 4,000 Series B preferred shares; ratio 30 common per each 2 Series B and 1 Series D.
- Issued 80,000 Series D shares to unaffiliated investor in exchange for 120,000 Cedar Series C preferred; contributed to Cedar and retired.
- No cash proceeds; all exchanges exempt from registration under Sections 3(a)(9) and 4(a)(2) of Securities Act.
- Exchanged preferred shares retired and cancelled; common shares issued in private transactions.