Summary by Moomoo AI
On July 9, 2024, Wheeler Real Estate Investment Trust Inc. announced the effectiveness of its registration statement filed with the SEC, which will allow the issuance of up to 20,704,217 shares of common stock. This move is related to the future redemptions and conversions of the company's Series D Cumulative Convertible Preferred Stock, with the first redemption date set for August 5, 2024. Additionally, the company updated its Redemption FAQs to reflect this new development and to provide clarity on the process for holders of unregistered shares from previous redemptions to remove restrictions under Rule 144. The company's forward-looking statements are subject to risks and uncertainties, and the information on the company's website is not part of the official SEC report.