On September 30, 2024, Wheeler Real Estate Investment Trust Inc. filed an amendment to its Schedule 13G with the SEC, indicating a significant ownership stake by a group of investment entities. The filing, known as Amendment No. 6, was jointly submitted by Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman. The group collectively reported beneficial ownership of 67,872 shares of Wheeler Real Estate Investment Trust's common stock, representing 9.8% of the company's total outstanding shares. This ownership level is subject to the company's Ownership Limits, which restrict any single entity from owning more than 9.8% of the outstanding common stock or capital stock. The shares in question are potentially issuable upon the exercise of warrants, conversion of notes...Show More

On September 30, 2024, Wheeler Real Estate Investment Trust Inc. filed an amendment to its Schedule 13G with the SEC, indicating a significant ownership stake by a group of investment entities. The filing, known as Amendment No. 6, was jointly submitted by Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman. The group collectively reported beneficial ownership of 67,872 shares of Wheeler Real Estate Investment Trust's common stock, representing 9.8% of the company's total outstanding shares. This ownership level is subject to the company's Ownership Limits, which restrict any single entity from owning more than 9.8% of the outstanding common stock or capital stock. The shares in question are potentially issuable upon the exercise of warrants, conversion of notes, or conversion of preferred stock held by the Magnetar Vehicles, which are subject to the Ownership Limits. The filing also detailed the adjustments made to the share count following a one-for-three reverse stock split effected by the company on September 19, 2024. The investment entities involved have clarified that their acquisition of the shares is for investment purposes and not to change or influence control of the issuer.