Wheeler Real Estate Investment Trust, Inc
Wheeler Real Estate Investment Trust, Inc. Announces Commencement of Rights Offering
NEWS RELEASE BY WHEELER REAL ESTATE INVESTMENT TRUST, INC.
Virginia Beach, VA | July 22, 2021 08:00 AM Eastern Daylight Time
Wheeler Real Estate Investment Trust, Inc. (the "Company") (NASDAQ: WHLR) today announced that it will commence its rights oﬀering (the "rights oﬀering") to eligible stockholders of the Company for the purchase of up to $30 million in aggregate principal amount of our 7.00% senior subordinated convertible notes due 2031 (the "Notes").
Pursuant to the rights oﬀering, Holders of common stock (each, a "holder" and collectively, the "holders") as of 5:00 p.m., New York City time, on June 1, 2021 (the "record date") are receiving non- transferable subscription rights (the "rights") to purchase Notes. Each holder will receive one (1) right for every eight (8) shares of common stock owned of record as of the record date. Each right allows the holder thereof to subscribe for $25.00 principal amount of Notes (the "basic subscription privilege"). In addition, rights holders who fully exercise their basic subscription privilege will be entitled to subscribe for additional Notes that remain unsubscribed as a result of any unexercised basic subscription privileges (the "over-subscription privilege"). The rights oﬀering expires at 5:00 p.m., New York City time, on August 13, 2021, unless extended or earlier terminated by the Company.
This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may diﬀer materially from those in the forward-looking statements as a result of various factors.
Wheeler Real Estate Investment Trust
Mary Jensen | Investor Relations
Equiniti (US) Services LLC
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