---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-108884"
form_type: "8-K"
ticker: "WHLR"
cik: "0001527541"
company_name: "Wheeler Real Estate Investment Trust, Inc."
filed_at: "2026-10-13T16:18:30+00:00"
generated_at: "2026-10-13T16:19:06.229390+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wheeler REIT inks up to $25M note deal; 0% notes repaid daily in stock at $0.25 floor

## Summary
- Initial $1,000,000 promissory note sold Oct 13, 2026 to an unaffiliated investor; total issuance capped at $25,000,000 in $1M denominations.
- Notes mature in 18 months, carry 0.00% interest, and amortize 0.4% of original principal each trading day, payable in Common Stock at the prior day's close.
- Stock amortization switches to cash if price falls below the $0.25 Floor Price, shares aren't registered or Nasdaq-listed, or DWAC/DTC issues arise.
- Note Investors pay with Series D Preferred Stock valued at its $25.00 liquidation preference plus accrued dividends; closings need Nasdaq 5635(d) stockholder approval of >19.99% share issuance.
- Resale registration statement due within 60 days of stockholder approval, effective within 90 days if reviewed; company may terminate if closing misses Feb 1, 2027.

## SEC filing metadata
- accession: 0001213900-26-108884
- form_type: 8-K
- ticker: WHLR
- cik: 0001527541
- company_name: Wheeler Real Estate Investment Trust, Inc.
- filed_at: 2026-10-13T16:18:30+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527541/000121390026108884/0001213900-26-108884-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527541/000121390026108884/ea0308314-8k_wheeler.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-108884
- JSON: https://secwatch.observer/filing/0001213900-26-108884.json
- Plain text: https://secwatch.observer/filing/0001213900-26-108884.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.