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Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) ("Wheeler" or the "Company") announced today that, based on continued significant declines in the Company's Common Stock price and the volume of shares of Series D Preferred Stock already tendered for redemption on December 5, 2023 (the "December Redemption Date"), it is unlikely to have a sufficient number of registered shares of Common Stock to settle those redemption requests on the December Redemption Date and will instead likely issue unregistered shares of Common Stock.
Accordingly, all redemption requests for the December Redemption Date will likely be settled with unregistered shares of Common Stock. The Company plans to register those unregistered shares at a future date.
Posted In: WHLR
