other material
confidence high
sentiment neutral
materiality 0.60
Wheeler REIT issues common for 119,211 Series B/D preferred shares, including Stilwell swaps
Wheeler Real Estate Investment Trust, Inc.
- Sept 8, 2026: issued 189,200 common shares to an unaffiliated holder for 4,400 Series B and 1,100 Series D preferred (about 21,022 shares post 1-for-9 reverse split).
- Sept 23, 2026: issued 162,244 common shares to an unaffiliated holder for 41,061 Series B preferred, at 4 common shares per preferred share.
- Stilwell Investors (Stilwell Activist Investments/Fund, Stilwell Associates) received 566,670 common shares for 58,120 Series B and 14,530 Series D preferred in two exchanges.
- Joseph Stilwell, a Wheeler board member, is managing member and owner of Stilwell Value LLC, general partner of each Stilwell Investor.
- No cash proceeds were received; all exchanged preferred shares were retired and cancelled, and the issuances relied on the Section 3(a)(9) exemption.