other material
confidence high
sentiment neutral
materiality 0.25
Wheeler REIT issues 177,600 common shares in exchange for preferred stock
Wheeler Real Estate Investment Trust, Inc.
- On Aug 5, issued 100,100 common shares to unaffiliated holder for 2,800 Series B and 700 Series D preferred shares.
- On Aug 7, issued 77,500 common shares to unaffiliated holder for 2,000 Series B and 500 Series D preferred shares.
- Exchange ratio: 143 common per 4 Series B + 1 Series D (Aug 5); 155 common per 4 Series B + 1 Series D (Aug 7).
- No cash proceeds received; exchanged preferred shares retired and cancelled.
- Relied on Section 3(a)(9) Securities Act exemption; no commissions paid.