IPO - Wheeler Real Estate Investment Trust, Inc.

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.

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