Wheeler Real Estate Investment Trust, Inc. has issued Prospectus Supplement No. 17, filed on May 7, 2024, in relation to the potential issuance of up to 101,100,000 shares of common stock. This supplement updates the original prospectus dated September 29, 2023, and should be read in conjunction with it. The company has also filed a Current Report on Form 8-K, detailing the results of the May 2024 Series D Preferred Stock redemptions. On the eighth monthly Holder Redemption Date, which occurred on May 6, 2024, there were no redemption requests for the Series D Preferred Stock. To date, 948,631 shares of Series D Preferred Stock have been redeemed, resulting in the issuance of 67,042,618 shares of common stock for an aggregate redemption price of approximately $35.9 million. As of May 6, 2024, there are...Show More

Wheeler Real Estate Investment Trust, Inc. has issued Prospectus Supplement No. 17, filed on May 7, 2024, in relation to the potential issuance of up to 101,100,000 shares of common stock. This supplement updates the original prospectus dated September 29, 2023, and should be read in conjunction with it. The company has also filed a Current Report on Form 8-K, detailing the results of the May 2024 Series D Preferred Stock redemptions. On the eighth monthly Holder Redemption Date, which occurred on May 6, 2024, there were no redemption requests for the Series D Preferred Stock. To date, 948,631 shares of Series D Preferred Stock have been redeemed, resulting in the issuance of 67,042,618 shares of common stock for an aggregate redemption price of approximately $35.9 million. As of May 6, 2024, there are 68,023,718 shares of Common Stock and 2,577,240 shares of Series D Preferred Stock outstanding. The next redemption deadline is set for May 25, 2024, with the Holder Redemption Date on June 5, 2024. Additionally, the company's Board of Directors has created a Capital Stock Excepted Holder Limit of 14% for stockholder Howard Amster, exempting him from the general 9.8% ownership limit, which will remain in effect until his ownership falls below the threshold.