Wheeler Real Estate Investment Trust Inc (WHLR) has released an update to notify the public and investors about an entry into a material definitive agreement.
Wheeler Real Estate Investment Trust, Inc. has amended its previous limits on stock ownership for a group of investors after these investors redeemed Series D Preferred Stock. The Board of Directors increased the Capital Stock and Common Stock ownership limits for these investors to 60% and 90%, respectively, following the transaction. This change ensures the investors’ increased stake in the company aligns with the newly adjusted ownership limits. The detailed terms of this amendment are outlined in an agreement that is fully available for reference.
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For a comprehensive understanding of the announcement, you can read the full document here.
