other material
confidence high
sentiment neutral
materiality 0.60
Wheeler REIT issues 1.26M common shares in exchange for preferred stock
Wheeler Real Estate Investment Trust, Inc.
- Issued 77,360 common shares on July 7 for 4,835 Series B Preferred shares (16:1 ratio).
- Issued 1,018,585 common shares on July 9 for 28,422 Series B and 3,385 Series D Preferred shares.
- Issued 167,400 common shares on July 10 for 3,600 Series B and 900 Series D Preferred shares.
- No cash proceeds; all exchanged preferred shares retired and cancelled.
- Exempt from registration under Section 3(a)(9) of Securities Act.