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WHLR / Wheeler REIT: Gearing Up For Sharemageddon

Wheeler REIT: Gearing Up For Sharemageddon
Wheeler REIT is facing a potential dilution crisis as the deadline for Series D preferred shares to be converted into cash or common shares approaches on September 21, 2023. The company intends significant additional amounts of common stock be issued, which could cause significant selling pressure across Wheeler share classes. The situation could lead to a massive dilution with little benefit for any stakeholders, obscuring otherwise good operating results at the Wheeler entity level. Read More
Posted: Jul 24 2023, 04:40
Author Name: Seeking Alpha
Views: 102181

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The first tender offer for Wheeler Preferred D shares was unsuccessful, as expected, but now the terms have changed. Given the revised incentives arou more_horizontal


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