Financing ·
Adjusts conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $2.73 per share
WHLRWheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust, Inc. adjusted the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $2.73 per share following redemptions of Series D Preferred Stock. The adjustment reflects a 45% discount to the $4.96 volume-weighted average closing sales price of common stock for the ten trading days preceding the October 5, 2026 redemption date. Additionally, the company issued approximately 161,700 shares of common stock in exchange for 38,500 shares of Series B and Series D Preferred Stock held by Stilwell Activist Investments, retiring the preferred shares without cash proceeds. Wheeler Real Estate Investment Trust, Inc. is a real estate investment trust that owns and operates multifamily residential properties.