Wheeler REIT issues 162,244 common shares in Series B preferred exchange

Bitget2026/09/29 20:40

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Wheeler Real Estate Investment Trust agreed to issue common stock in unregistered exchanges for Series B Preferred Stock, Series D Cumulative Convertible Preferred Stock.
Deal terms cover issuances agreed Sept. 8, 2026, Sept. 23, 2026, totaling 918,114 common shares pre-split.
Reverse split impact: Sept. 8 issuance equals about 21,022 common shares on a post-split basis.
No cash proceeds; the exchanged preferred shares were retired and canceled.
Stilwell investors receive 566,670 common shares in two exchanges; Joseph Stilwell is a board member tied to the investors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheeler Real Estate Investment Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527541-26-000360), on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wheeler REIT issues 162,244 common shares in Series B preferred exchange

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