Wheeler Real Estate Investment Trust, Inc. Completes Offering and Sale of $90 Million of Series C Convertible Preferred Stock

VIRGINIA BEACH, Va.– Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”) announced today that the Company has entered into definitive purchase agreements with accredited investors in a private placement transaction that resulted in gross proceeds of $90 million. In addition, the Company has received a letter of intent with a respected national lender for a $45 million revolving line of credit to further fund the Company’s growth initiatives.

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