Wheeler Real Estate Investment Trust ($WHLR) $7.1M Settlement: Payout Update

Hello everyone, sharing an important update:
Wheeler Real Estate Investment Trust has agreed to a $7.125 million investor settlement, and late claims are currently being considered. The case involves claims that company insiders used a 2021 stock offering to increase their control while hurting common shareholders.

Investors say the company issued more preferred shares instead of reducing them as expected, which caused more dilution for common shareholders. By 2023, $WHLR had lost more than 99% of its value.

If you bought or held $WHLR between 2021 and 2023, you may still be able to submit a late claim here

Did anyone here hold $WHLR during this period? How much did you lose?