- Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares are trading higher Thursday after the company posted redemption forms for the company’s Series D Preferred Stock.
- The Details:
- Wheeler Real Estate Investment Trust posted two forms that any holder of the company’s Series D Cumulative Convertible Preferred Stock may complete and submit in order to request that the company redeem shares of Series D Preferred Stock.
- The company also stated that redemption will begin in October 2023.
- Wheeler Real Estate announced on Sept. 1 that it had received a notification letter from Nasdaq stating that it had regained compliance with the Nasdaq minimum bid price listing requirement.
- According to data from Benzinga Pro, WHLR has a float of only 749,075 shares and more than 14.4 million shares have already been traded in the session.
- Related News: Why Tesla Stock Is Moving Higher Today
- WHLR Price Action: According to Benzinga Pro, Wheeler Real Estate Investment Trust shares are up 68% at $7.64 at the time of publication.
- Image: Clker-Free-Vector-Images from Pixabay
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