Summary by Moomoo AI
Wheeler Real Estate Investment Trust, Inc. (the "Company") has announced the issuance of up to 20,704,217 shares of its common stock. This issuance is related to the redemption rights of the holders of the Company's Series D Cumulative Convertible Preferred Stock (the "Series D Preferred Stock"). These stockholders have the option to request the Company to redeem their shares at a redemption price of $25.00 per share, plus accrued but unpaid dividends. The Company has the option to settle these redemptions in cash, common stock, or a combination thereof. The Company has been settling redemptions in shares of common stock and intends to continue this practice. Additionally, the Series D Preferred Stock is convertible into common stock at a conversion price...Show More
