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Sunday, 21-Sep-2014 09:37 Email | Share | Bookmark
Inplay From - Yahoo Finance

8:33 am Wheeler Real Estate Investment Trust announces pricing of expected $18 mln financing of Series B Preferred Stock and Warrants ( WHLR ) : Co announced the pricing of a public offering and sale of 720,000 shares of its Series B Convertible Preferred Stock, without par value per share and Warrants to purchase an aggregate of 864,000 shares of its common stock, $0.01 par value per share. This excludes the 108,000 shares of Preferred Stock and/or the 129,600 Warrants the underwriters may purchase to cover over-allotments. The internet offering consists of 144,000 units priced at $125.00 per unit, which will immediately separate into five shares of Preferred Stock and six Warrants that permit investors to purchase one share of Common Stock at an exercise price of $5.50 per share, subject to adjustment. The Preferred Stock will bear an interest rate of 9% per annum and will have a conversion price of $5.00 per share of common stock, subject to adjustment. The Preferred Stock will automatically convert into shares of the Company's common stock if the 20-day volume weighted adjusted closing price of the Company's common stock exceeds $7.25 per share on the Nasdaq Capital Market. The Warrants will expire on April 29, 2019. 8:32 am S&P futures vs fair value: -0.40. Nasdaq futures vs fair value: kim kardashian costume -0.80. (:WRAPX) : The S&P 500 futures trade within a point of web link fair value. <br>Source:

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