IPO - Wheeler Real Estate Investment Trust, Inc.

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Form Type: S-11

Filing Date: 2025-06-10

Corporate Action: Ipo

Type: New

Accession Number: 000121390025053162

Filing Summary: On June 10, 2025, Wheeler Real Estate Investment Trust, Inc. filed a registration statement with the SEC regarding the registration of securities under the Securities Act of 1933. The document details the issuance of up to 100,043,323 shares of common stock, par value $0.01, which are associated with the redemption of the Series D Cumulative Convertible Preferred Stock. This registration statement acts as a Post-Effective Amendment No. 1 to a prior registration statement. The holders of the Series D Preferred Stock can redeem their shares at a price of $25.00 per share plus accrued dividends. The company aims to settle redemptions in common stock until either all outstanding shares are redeemed or a settlement is agreed upon with two-thirds of the holders. The filing indicates significant past reverse stock splits and provides insights into the company's financial standing and operations in the commercial real estate sector, especially focusing on grocery-anchored properties. The document emphasizes the company's strategic markets—Mid-Atlantic, Southeast, and Northeast—and outlines the risks associated with the investment in their common stock, including market volatility and operational challenges.

Additional details:

Common Stock Shares Registered: 100,043,323


Redemption Price: $25.00


Redemption Method: common stock or cash


Listing Symbol: WHLR


Last Reported Price: $4.86


Total Shares Outstanding: 558,209


Property Portfolio Count: 72


Total Leasable Square Feet: 7,517,677


Properties Leased Percentage: 92.0%


Approximate Redemption Date: 2025-07-07


Form Type: S-11

Filing Date: 2025-01-29

Corporate Action: Ipo

Type: New

Accession Number: 000121390025007920

Filing Summary: Wheeler Real Estate Investment Trust, Inc. filed a registration statement with the SEC for the issuance of up to 5,301,196 shares of common stock, par value $0.01 per share. This includes shares issuable upon redemption of the Series D Cumulative Convertible Preferred Stock and shares currently registered but unissued under a prior registration statement. The company is a self-managed commercial real estate investment trust focusing on grocery-anchored centers located primarily in the Mid-Atlantic, Southeast, and Northeast regions, with a total operating portfolio of 73 retail shopping centers. The filing indicates a redemption price of $25.00 per share for the Series D Preferred Stock and outlines that the company will continue settling those redemptions in shares of common stock. The document states that the stock underwent several reverse splits from May 2024 to January 2025 to improve compliance with Nasdaq listing standards and marketability. The last reported price of the common stock was $6.33 on January 28, 2025. Investors are cautioned about the high degree of risk associated with investing in the company’s common stock, and the prospectus provides detailed risk factors that could impact business performance. The filing also indicates that no proceeds will be received from the issuance of shares upon redemption or conversion of the Series D Preferred Stock. The company continues to update its filings to ensure compliance with regulatory requirements.

Additional details:

Approximate Date Of Commencement Of Proposed Sale: As soon as practicable after this registration statement becomes effective


Redemption Price Per Share: $25.00


Common Stock Price On January 28 2025: $6.33


Total Number Of Stores In Portfolio: 73


Total Leasable Square Feet: 7,883,598


Fraction Of Shares Issued As Common Stock: 870,251


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