Summary by Moomoo AI
Wheeler Real Estate Investment Trust received a notice from Nasdaq on June 28, 2024, indicating non-compliance with the minimum requirement of 500,000 publicly held shares. The company has until July 12, 2024, to submit a compliance plan, with trading continuing under the WHLR symbol but with a non-compliance indicator.On July 1, 2024, the company filed a registration statement on Form S-11 to register 20,704,217 common shares for future redemptions and conversions of Series D Cumulative Convertible Preferred Stock. This registration aims to facilitate the issuance of registered shares for monthly Series D Preferred Stock redemptions. The company also updated its Redemption FAQs regarding the process for holders of unregistered common stock from previous redemptions to remove trading restrictions under Rule 144.
