Summary by Moomoo AI
Wheeler Real Estate Investment Trust, Inc. has issued Prospectus Supplement No. 7 on October 8, 2024, as an update to their Prospectus dated July 9, 2024. The supplement details the issuance of up to 20,704,217 shares of common stock and attaches a Current Report on Form 8-K filed the previous day. The report highlights the results of the October 2024 Series D Preferred Stock redemptions, where the company processed 17 redemption requests, redeeming 85,019 shares at approximately $39.42 per share. The redemptions were settled through the issuance of 243,336 shares of common stock. To date, Wheeler has redeemed 1,181,598 shares of Series D Preferred Stock and issued approximately 865,000 shares of common stock in settlement. As of October 7, 2024, the company has 896,104 shares of common stock and 2,453,949 shares of Series D Preferred Stock outstanding. The next redemption deadline is set for October 25, 2024, with the following Holder Redemption Date on November 5, 2024.
