Wheeler Real Estate Investment Trust Inc. filed a prospectus for the sale of up to 143,923 shares of its common stock by certain selling stockholders from time to time.
The proposed maximum aggregate offering price is about $1.5 million, estimated solely to calculate the registration fee.
The offered shares represent about 1.6% of Wheeler's total outstanding common shares as of Dec. 1. Wheeler REIT will not receive any proceeds from the sale of the shares.
Wheeler REIT Chairman and CEO Jon Wheeler is the managing member of the selling shareholders, which includes Braque Capital LLC, Cavalier Realty LLC, Darefund LLC, Doumar-Pretty Lake LLC, Multiple Holdings LLC, P&W SC/GA Properties I Management LLC, POLR Capital Investments LLC, Regatta Capital LLC, SMS Management LLC and Woodside Capital LLC, among others.
