Summary by Moomoo AI
Wheeler Real Estate Investment Trust Inc. has issued Prospectus Supplement No. 21 to their Prospectus dated September 29, 2023, concerning the potential issuance of up to 101,100,000 shares of common stock. The supplement, dated June 3, 2024, includes the company's Current Report on Form 8-K, which indicates that Wheeler has regained compliance with Nasdaq's minimum bid price requirement. The company's common stock had maintained a closing bid price of at least $1.00 per share for the necessary period, resolving a previously reported deficiency from December 13, 2023. Investors are advised to consider the high degree of risk involved in investing in the common stock and to review the 'Risk Factors' section starting on page 4 of the Prospectus.